The audit planning meeting must
A) take place before the client acceptance decision is made.
B) be attended by the entire core engagement team and the predecessor auditors.
C) establish an understanding among the members of the audit team about the objectives of the audit.
D) prepare the internal auditors for the work they will be asked to perform to supplement the auditor's procedures.

Question

Quizplus · Accepted Answer

The audit planning meeting should establish an understanding among the members of the audit team about the objectives of the audit, including areas of risk and the nature, timing, and extent of procedures to be performed. Option A is incorrect because the client acceptance decision is made before the audit planning meeting. Option B is incorrect because not all audit engagements will have predecessor auditors, and not all members of the core engagement team may need to attend the meeting. Option D is incorrect because internal auditors are not typically involved in the planning of external audit engagements.

The Audit Planning Meeting Must