Which of the following procedures would an auditor most likely include in the initial planning of a financial statement audit?

Question

Quizplus · Accepted Answer

Choice "D" is correct. The auditor considers several factors in planning the nature, timing and extent of auditing procedures. One of these factors is the extent of involvement of the client's internal auditors. Choice "A" is incorrect. Representation letters are obtained by the auditor at the end of the audit. The representation letter should not be dated earlier than the date of the auditor's report. Choice "B" is incorrect. The auditor does not perform tests to detect illegal acts during the planning process. Choice "C" is incorrect. The auditor does obtain and evaluate evidence to support significant accounting estimates, but this occurs subsequent to initial planning.

Which of the Following Procedures Would an Auditor Most Likely