A risk components matrix or its equivalent is necessary whenever the auditor uses:
A) quantitative expressions for risk.
B) nonqualitative expressions for risk.
C) the risk model in planning an audit.
D) a lower assessment of control risk or inherent risk.
E) nonquantitative expressions for risk.

Question

Quizplus · Accepted Answer

The Answer of A risk components matrix or its equivalent is necessary whenever the auditor uses:
A) quantitative expressions for risk.
B) nonqualitative expressions for risk.
C) the risk model in planning an audit.
D) a lower assessment of control risk or inherent risk.
E) nonquantitative expressions for risk.

A Risk Components Matrix or Its Equivalent Is Necessary Whenever