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 and physical examination of assets are part of the planning stage of the audit. Collecting audit evidence is also part of the audit and occurs during the execution stage. Therefore, the best choice is B, planning; collecting audit evidence.

Organizing the Audit Team and the Physical Examination of Assets