During which phases of the financial statement audit does the auditor "conduct quality control" when using a risk assessment approach?
A) the risk assessments
B) the risk responses
C) the reporting process
D) risk assessment, risk response, and reporting phases

Question

Quizplus · Accepted Answer

When using a risk assessment approach, the auditor conducts quality control during all phases of the financial statement audit, i.e., in the risk assessment phase, risk response phase, and the reporting phase. The auditor's quality control procedures ensure that the audit is conducted in accordance with relevant auditing standards and that the auditor's findings and conclusions are adequately supported and appropriately documented.

During Which Phases of the Financial Statement Audit Does the Auditor