After determining materiality, which of the following is NOT a step for the auditor to follow?
A)Determine who is most likely to commit fraud
B)Determine the type and extent of risk assessment procedures to be performed
C)Identify and assess the risk of material misstatements occurring at the financial statement level and the account balance level
D)Begin development of an audit strategy

Question

Quizplus · Accepted Answer

While assessing fraud risk is an important aspect of the audit process, it is not directly related to the determination of materiality. Therefore, it is not a necessary step following the determination of materiality.

After Determining Materiality, Which of the Following Is NOT a Step