Which of the following is a phase of an audit?
A) The engagement letter.
B) Meeting with the audit committee.
C) Industry comparisons.
D) Completion of the audit and issuance of the audit report.

Question

Quizplus · Accepted Answer

Completion of the audit and issuance of the audit report is a phase of an audit, as it marks the finalization and communication of the auditor's findings and conclusions. The other options listed may be steps or considerations within the audit process, but are not distinct phases.

Which of the Following Is a Phase of an Audit