A chief audit executive would most likely use risk assessment for audit planning because it provides:
A) A systematic process for assessing and integrating professional judgment about probable adverse conditions.
B) A listing of potentially adverse effects on the organization.
C) A list of auditable activities in the organization.
D) The probability that an event or action may adversely affect the organization.

Question

Quizplus · Accepted Answer

Risk assessment is a systematic process that helps in assessing and integrating professional judgment about probable adverse conditions, which is crucial for effective audit planning.

A Chief Audit Executive Would Most Likely Use Risk Assessment