When Sean Green started the preliminary risk identification process at a local dairy during the risk assessment phase of the audit he endeavoured to gather sufficient appropriate evidence. Which of the following elements were involved in the preliminary risk identification?
A) going concern risk
B) client's corporate governance
C) understanding the IT environment
D) all of the above
Correct Answer:
Verified
Q1: Mitigating factors that reduce going concern risk
Q2: During the risk assessment phase of a
Q4: An example of an attitude or rationalization
Q5: Misappropriation of assets fraud involves intentionally misstating
Q6: Wilfred Dominic was meeting with his manager
Q8: Preliminary risk identification can be affected by
A)
Q8: Preliminary risk identification can be affected by
A)
Q9: An auditor is not concerned with transactions
Q9: The more competitive an audit client's industry,the
Q11: The risk response phase of an audit
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