Organizing the audit team and the physical examination of assets are components of which two separate audit stages?
A)Planning;evaluating audit evidence.
B)Planning;collecting audit evidence.
C)Collecting audit evidence;communicating audit results.
D)Communicating audit results;evaluating audit evidence.

Question

Quizplus · Accepted Answer

Organizing the audit team is a component of the planning stage, while physical examination of assets is a component of collecting audit evidence. Therefore, the correct option is B -Planning;collecting audit evidence.

Organizing the Audit Team and the Physical Examination of Assets