Which of the following procedures is not performed as a part of planning an audit engagement?
A) Reviewing the working papers of the prior year.
B) Developing an overall audit strategy.
C) Confirmation of all major accounts.
D) Designing an audit plan.

Question

Quizplus · Accepted Answer

Confirmation of all major accounts is not typically performed as part of planning an audit engagement. This procedure is typically performed during the fieldwork phase of the audit. The other options listed (reviewing prior year working papers, developing an overall audit strategy, and designing an audit plan) are all important steps in the planning phase of an audit engagement.

Which of the Following Procedures Is Not Performed as a Part