The statement incorrectly merges activities from two distinct phases of the assessment process. Assessment Planning is the initial phase focused on defining the scope, objectives, timing, and resources for the assessment. This planning is typically informed by existing or high-level risk assessments to prioritize areas of focus. However, the detailed testing of controls and the execution of a complete risk assessment are activities that occur during the execution or fieldwork phase, which follows the planning phase. The plan dictates what will be tested; the testing itself is not part of the planning.

The statement would be "True" if it suggested that planning uses the results of risk assessments to determine the scope of detailed testing. However, it incorrectly states that conducting a complete risk assessment and detailed testing are part of the planning phase itself. This misrepresents the logical and universally accepted sequence of assurance and audit activities.

1. OCEG, "GRC Capability Model 3.5," (The Red Book), 2021.

Section 4.4, Element: ASSURE. This section outlines the process for providing assurance. It explicitly separates the design of the assurance plan from its execution. The text describes the process as: "1. Design assurance plan... 2. Conduct assurance activities... 3. Communicate assurance results." This clearly shows that planning ("Design assurance plan") is a separate and preceding step to the actual execution of tests ("Conduct assurance activities"). The question incorrectly combines step 1 and step 2.