When should a complete audit program for an engagement generally be developed?
A) during phase II of the audit process
B) by the end of phase I of the audit process
C) prior to beginning phase III of the audit process
D) prior to beginning phase I of the audit process

Question

Quizplus · Accepted Answer

A complete audit program should generally be developed by the end of phase I of the audit process, which includes planning and risk assessment. This allows auditors to properly plan and design audit procedures that address the assessed risks and objectives of the audit. Developing the audit program at an earlier stage (prior to phase I) may result in incomplete or ineffective procedures, while developing it at a later stage (during phase II or III) may leave insufficient time for testing and analyzing the results.

When Should a Complete Audit Program for an Engagement Generally