Which of the following is not a requirement imposed on auditors by the AICPA risk assessment standards to enhance auditors' application of the audit risk model?
A)Obtain a more in-depth understanding of the entity and its environment,including its internal control.
B)Where possible,utilize the same audit program used for the prior year's audit of a given client.
C)Conduct a more rigorous assessment of risk of material misstatement.
D)Improve the link between the assessment of risk and the nature,timing,and extent of any further procedures performed.

Question

Quizplus · Accepted Answer

The AICPA risk assessment standards do not require auditors to utilize the same audit program used for the prior year's audit of a given client. Rather, auditors are required to conduct a more rigorous assessment of risk of material misstatement, obtain a more in-depth understanding of the entity and its environment, including its internal control, and improve the link between the assessment of risk and the nature, timing, and extent of any further procedures performed.

Which of the Following Is Not a Requirement Imposed on Auditors