Auditors would use the enterprise risk model
A) To reduce the client's business risk.
B) To determine detection risk.
C) To evaluate management's risk assessment.
D) To monitor client risk.

Question

Quizplus · Accepted Answer

Auditors would use the enterprise risk model to evaluate management's risk assessment, which is an important element in the audit process. This model helps auditors identify and assess risks that may affect the company's financial statements, and evaluate whether management's controls are effective in mitigating those risks.

Auditors Would Use the Enterprise Risk Model