Auditing standards require that auditors document
A) specific risks of fraud identified at the financial statement level, but not at the assertion level.
B) all conversations with management.
C) results of the procedures performed to address the risk of management override of controls.
D) all of the above.

Question

Quizplus · Accepted Answer

Auditing standards, particularly those related to the consideration of fraud in a financial statement audit, require auditors to document their understanding and assessment of the risk of management override of controls, including the results of any procedures performed to address this risk. This is because management override of controls is a significant risk in every audit. Options A and B are not specifically required by auditing standards in the manner described.

Auditing Standards Require That Auditors Document