The last step in accepting an audit engagement and initial planning is to:
A) perform preliminary analytical procedures.
B) obtain background information.
C) develop the overall audit plan and programs
D) identify why the client wants an audit.

Question

Quizplus · Accepted Answer

The last step in accepting an audit engagement and initial planning is to develop the overall audit plan and programs, as this sets the framework for the audit and outlines the procedures that will be followed. Preliminary analytical procedures and obtaining background information are done earlier in the planning process, while identifying why the client wants an audit may be a consideration in accepting the engagement but is not the final step in planning.

The Last Step in Accepting an Audit Engagement and Initial