Auditors make decisions about the extent and timing of detailed testing of account balances and transactions during the ________phase of the audit.
A)risk response
B)audit strategy
C)reporting
D)risk assessment

Question

Quizplus · Accepted Answer

Auditors make decisions about the extent and timing of detailed testing of account balances and transactions during the risk response phase of the audit. This is because the risk response phase is where auditors assess the risks of material misstatement and design and perform audit procedures to respond to those risks.

Auditors Make Decisions About the Extent and Timing of Detailed