An Auditor Should Assess a Client's Business Risks ________

question 16

Multiple Choice

An auditor should assess a client's business risks ________.

• A) early in the engagement, based on discussion with management
• B) at the end of the engagement after all evidence has been assembled
• C) as part of the year-end evidence gathering
• D) only if the client requests the auditor to do so in the engagement letter

---

Definitions:

Panic Disorder

A psychiatric disorder characterized by recurring unexpected panic attacks and the ongoing fear of having another attack.

Genetic Predisposition

A natural inclination or tendency for organisms to develop certain traits or diseases based on their genetic makeup.

Lactate

A compound produced during the breakdown of glucose in the body, often associated with muscle fatigue during intense exercise.

Biological Factors

Aspects relating to the biological makeup of individuals that influence their physiology and behavior.