Auditors respond to risk primarily by I. changing the extent of testing.
II) changing the types of audit procedures.
A)I only
B)II only
C)I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Auditors respond to risk by changing the extent of testing and types of audit procedures. This is because the level of risk affects the amount and nature of audit work required to provide an appropriate level of assurance. By changing the extent of testing, auditors may increase or decrease the amount of evidence gathered. Changing the types of audit procedures may involve switching to more effective procedures or changing the focus of the audit procedures to target areas of higher risk.

Auditors Respond to Risk Primarily by I