Page 60 - AA Integrated Workbook STUDENT 2018-19

Chapter 5 3

3.3 Responses to risk assessment

 Emphasising the need for professional scepticism.

 Assigning more experienced staff to complex or risky areas of the engagement.

 Providing more supervision.

 Incorporating additional elements of unpredictability in the selection of further
audit procedures.

 Making changes to the nature, timing or extent of audit procedures, e.g.

– Placing less reliance on the results of systems and controls testing.

– Performing more substantive procedures.

– Consulting external experts on technically complex or contentious matters.

– Changing the timing and frequency of review procedures.

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