Which of the following should be considered in developing a risk and control model for use in an engagement?

Question

Richard Villanueva · Accepted Answer

The risk and control model should be tailored to the organization that will be the subject of the engagement.

Richard Villanueva · Answer

The risk and control model should be globally accepted by the profession.

Richard Villanueva · Answer

The risk and control model should be strictly adhered to in performing the engagement.

Richard Villanueva · Answer

The risk and control model should be developed individually by the auditor for use on individual audit projects within the planned engagement.

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