Auditors should plan engagements properly to:
A) gain a clear understanding of the client.
B) ensure a cost- effective audit.
C) avoid client misunderstandings.
D) all of the above

Question

Quizplus · Accepted Answer

All the given options are important factors that auditors should consider while planning the engagement. A clear understanding of the client helps auditors to identify significant risks and design appropriate audit procedures, which in turn ensures a cost-effective audit. Effective planning also helps auditors to communicate their expectations and avoid misunderstandings with the client. Therefore, all options (A, B, and C) are correct.

Auditors Should Plan Engagements Properly To