The audit risk model is used primarily:
A) while doing tests of controls.
B) for planning purposes in determining how much evidence to accumulate.
C) to evaluate the evidence that has been gathered.
D) to determine the type of opinion to express.

Question

Quizplus · Accepted Answer

The audit risk model is primarily used for planning purposes to determine the amount of evidence to be accumulated. This is done through assessing inherent risk, control risk, and detection risk. The other options are incorrect because the audit risk model is not primarily used for those purposes.

The Audit Risk Model Is Used Primarily