What is the second phase of the audit?
A)The risk response phase
B)The reporting phase
C)The audit strategy phase
D)The risk assessment phase

Name: What is the second phase of the audit? A)The risk response phase B)The reporting phase C)The audit strategy phase D)The risk assessment phase
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Question

Quizplus · Accepted Answer

The second phase of the audit is the risk response phase, which follows the initial risk assessment phase. In this phase, auditors develop and implement actions to address the identified risks.

What Is the Second Phase of the Audit