Which of the following would normally be considered earliest in the audit examination?
A)Determination of materiality levels for use during the audit.
B)Consideration of the ability of the entity's internal control to prevent or detect errors.
C)Preparation of a written audit plan.
D)Evaluation of the type of audit opinion to be issued, based on the auditor's findings.

Question

Quizplus · Accepted Answer

Determination of materiality levels is typically one of the earliest steps in an audit examination. It guides the planning and performance of the audit by helping to identify the most significant areas for examination, influencing the nature, timing, and extent of audit procedures.

Which of the Following Would Normally Be Considered Earliest in the Audit