Which of the following is an audit procedure in response to assessed risks?
A)Making changes to the nature, timing, or extent of audit procedures to obtain more persuasive evidence
B)Developing an understanding of the entity's control environment
C)Designing and implementing appropriate responses to financial statements
D)Changing the recalculating procedures applied in financial statements

Question

Quizplus · Accepted Answer

Making changes to the nature, timing, or extent of audit procedures to obtain more persuasive evidence is an audit procedure that directly addresses assessed risks. By adapting audit procedures to enhance the quality of evidence obtained, the audit team can address identified risks and improve the overall effectiveness of the audit process. Choices B, C, and D are all important elements of the audit process, but they are not directly related to modifying procedures in response to risk assessments.

Which of the Following Is an Audit Procedure in Response