After evaluating inherent risk and control risk, the auditor ________.
A)is in a position to begin the audit work
B)can conclude the audit and issue an audit opinion
C)should confirm with management to ensure the auditors findings are agreed with
D)is in a position to evaluate fraud risk

Question

Quizplus · Accepted Answer

After evaluating inherent risk and control risk, the auditor is in a position to evaluate fraud risk as these assessments help in understanding where fraud might occur and the extent of audit procedures needed.

After Evaluating Inherent Risk and Control Risk, the Auditor ________