Sources of audit planning information may come from which of the following?
A)Knowledge of client's business and industry.
B)Assessment of risk of material misstatement.
C)Results of analytical procedures.
D)All of the above.

Question

Quizplus · Accepted Answer

Sources of audit planning information may come from a variety of areas including knowledge of the client's business and industry, risk assessment procedures, results of analytical procedures, and other sources such as inquiries with management or third parties. Therefore, the best choice is D, as all the options given are accurate sources of audit planning information.

Sources of Audit Planning Information May Come from Which of the Following