The element of the audit planning process most likely to be agreed upon with the client before implementation of the audit strategy is the determination of the
A) Methods of statistical sampling to be used in confirming accounts receivable.
B) Pending legal matters to be included in the inquiry of the client's attorney.
C) Evidence to be gathered to provide a sufficient basis for the auditor's opinion.
D) Timing of the audit.

Question

Quizplus · Accepted Answer

The timing of the audit is usually discussed and agreed upon with the client before the implementation of the audit strategy. This includes deciding on the start and end date of the audit, as well as any specific dates for interim or year-end testing. The other options listed, such as methods of statistical sampling, pending legal matters, and evidence to be gathered, are typically determined during the audit planning process after the timing has been established.

The Element of the Audit Planning Process Most Likely to Be