The most important consideration in developing the audit plan and audit program is the:
A) client's size.
B) client's industry.
C) audit firm's available personnel.
D) audit risk model used in its planning form.

Question

Quizplus · Accepted Answer

The audit risk model is the most important consideration in developing the audit plan and audit program. This model takes into account the client's size, industry, and available personnel, as well as other factors such as the complexity of the accounting system and the risk of fraud. By using the audit risk model, the auditor can ensure that the audit is tailored to the specific risks of the client, which is essential for an effective audit.

The Most Important Consideration in Developing the Audit Plan and Audit