Question

Which of the following should be considered by the auditor before planning for an audit?

• A. Degree of reliance expected to be placed on accounting system and internal control.
• B. Nature and extent of audit evidence.
• C. Work of internal auditors.
• D. All of above.

Answer 1

The correct option is D All of above.

'Planning' of an audit is an important stage in audit since all the strategies are determined at this stage.

Before planning, all the options a, b and c are to be considered by the auditor for a successful implementation of the audit procedures.