Properly planned risk-based audit programs are often capable of offering which of the following benefits?

A. audit efficiency and effectiveness.

B. audit efficiency only.

C. audit effectiveness only.

D. audit transparency only.

E. audit transparency and effectiveness.

F. None of the choices.

Explanation:

Properly planned risk-based audit programs shall increase audit efficiency and effectiveness. The sophistication and formality of this kind of audit do vary a lot depending on the targets size and complexity.