Which of the following is not a responsibility associated with audit assurance?
A)Compare and analyse risk tolerance and mitigation strategies.
B)Evaluate existing and new controls,costs and effectiveness of monitoring procedures.
C)Define objectives,scope and priorities
D)Assess exposure,report position and recommend insurance (if necessary).

Question

Quizplus · Accepted Answer

Audit assurance primarily involves evaluating the effectiveness of a company's internal controls, including financial reporting and compliance with laws and regulations. Defining objectives, scope, and priorities is typically a responsibility of management or those charged with governance, not the audit function.

Which of the Following Is Not a Responsibility Associated with Audit