As with all audit procedures, auditors must _______.
A)pay little attention to the work of the prior auditor on a first-year engagement
B)must carefully plan the nature, timing, and extent of audit data analytics (ADA) to be used for each client
C)must let the client's management choose the nature, timing, and extent of ADA to be used for each client
D)always outsource at least some of the audit work to the internal audit function

Question

Quizplus · Accepted Answer

Auditors must carefully plan the nature, timing, and extent of audit data analytics (ADA) to be used for each client in order to effectively and efficiently gather sufficient and appropriate audit evidence. Paying little attention to the work of the prior auditor on a first-year engagement is not an appropriate approach as it is important to understand the work that has been done in the past to properly plan current audit procedures. Letting the client's management choose the nature, timing, and extent of ADA to be used for each client is not appropriate as it is the auditor's responsibility to assess the risk and determine the appropriate audit procedures. Outsourcing audit work to the internal audit function is not always necessary or appropriate depending on the specific circumstances of the engagement.

As with All Audit Procedures, Auditors Must _______