An important audit planning question involves _______.
A)determining whether the auditor plans to use audit data analytics, or audit sampling, to evaluate an audit population
B)determining the estimated amount of audit fees the client will generate
C)deciding the audit opinion to be issued, and collecting evidence to support that opinion
D)contacting the client's creditors to determine pending litigation

Question

Quizplus · Accepted Answer

Determining whether the auditor plans to use audit data analytics, or audit sampling, to evaluate an audit population is an important audit planning question as it helps the auditor decide on the appropriate audit procedures to be performed. This decision can impact the time and resources needed for the audit, as well as the reliability of the audit results.

An Important Audit Planning Question Involves _______