Which of the following would normally be considered earliest in the audit examination?
A) Determination of materiality levels to 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

Determining materiality levels is one of the first steps in planning an audit, as it influences the nature, timing, and extent of audit procedures.

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