During which phase(s) of the financial statement audit does the auditor "evaluate evidence" when using a risk assessment approach?
A) the risk assessment phase
B) the risk response phase
C) the reporting process phase
D) the risk assessment, risk response, and reporting phases

Question

Quizplus · Accepted Answer

The auditor evaluates evidence throughout all phases of the audit: during the risk assessment phase to understand the entity and its environment, during the risk response phase to address identified risks, and during the reporting phase to form an opinion based on the evidence collected.

During Which Phase(s) of the Financial Statement Audit Does the Auditor