For high-risk accounts, the timing of most audit procedures will be
A) whenever the client says it is most convenient for them to be conducted.
B) at, or after, year-end.
C) before year end.
D) during the interim audit testing stage.

Question

Quizplus · Accepted Answer

For high-risk accounts, it is important to perform audit procedures at or after year-end, as this allows the auditor to have access to all relevant information and perform more thorough testing. Conducting the audit before year-end may not capture all transactions and events, while conducting it during the interim testing stage may not provide sufficient evidence for high-risk accounts. The client's convenience should not dictate the timing of audit procedures for high-risk accounts.

For High-Risk Accounts, the Timing of Most Audit Procedures Will