Audit planning assists the auditor to:
A)identify and resolve potential problems on a timely basis.
B)devote appropriate attention to important areas of the audit.
C)perform the audit effectively and efficiently.
D)All of the given answers are correct.

Question

Quizplus · Accepted Answer

All of the given answers are correct. Audit planning is essential for effective and efficient audit performance. It helps identify and resolve potential problems on a timely basis, and it also ensures that appropriate attention is given to important areas of the audit.

Audit Planning Assists the Auditor To