Much of the early planning of audits deals with obtaining information to help auditors assess two risks:
A) acceptable audit risk and business risk.
B) business risk and inherent risk.
C) acceptable audit risk and inherent risk.
D) none of the above

Question

Quizplus · Accepted Answer

The two risks that auditors need to assess in the early planning stages are acceptable audit risk and inherent risk. Business risk is also important but is not directly relevant to the early planning stages of an audit.

Much of the Early Planning of Audits Deals with Obtaining