Generally accepted auditing standards require that auditors always prepare and use

Question

Quizplus · Accepted Answer

Generally accepted auditing standards require that auditors prepare and use a written audit plan. This plan outlines the scope, objectives, and timing of the audit, and it serves as a roadmap for the audit team. While other documents may also be necessary, such as a planning memorandum or client consent, the written audit plan is a requirement for auditing standards. Time budgets and schedules may also be included in the audit plan, but they are not necessarily required by the standards.

Generally Accepted Auditing Standards Require That Auditors Always Prepare and Use