Question: The auditing process is broken down into three phases: risk assessment, risk response, and reporting. Select the phase of the audit each task relates to.

The auditing process is broken down into three phases: risk assessment, risk response, and reporting. Select the phase of the audit each task relates to. Multiple Choice Question 38 See all 4d lete Q List of tasks Phases Accounting Dropdown 1. Substantive testing Question 39 2. Risk and materiality assessment Accounting Dropdown 3. Understanding of the client Viewing Question 40 Accounting Dropdown 4. Forming an opinion regarding the fair presentation of the financial statements Question 41 Accounting Dropdown 5. Tests of controls Question 42 6. Risk identification and strategy

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