Which of the Following Is Not One of the Phases

question 47

Multiple Choice

Which of the following is not one of the phases in planning an integrated audit?

• A)identifying and assessing business risk.
• B)documenting all controls.
• C)assessing fraud risk.
• D)determining the most efficient manner in which to conduct an integrated audit.

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Definitions:

Liability

The condition of having legal accountability, especially regarding debts or legal duties.

Control

The power to direct the management and policies of a company or organization, often through ownership of a majority of shares.

Expansion

Expansion refers to the process of growing or enlarging the scale, scope, or reach of something, such as a business, territory, or concept.