What is the last step in accepting an audit engagement within the initial planning phase?
A) identifying why the client wants an audit
B) obtaining background information
C) performing preliminary analytical procedures
D) developing the overall audit plan and programs

Question

Quizplus · Accepted Answer

Developing the overall audit plan and programs is the final step in accepting an audit engagement within the initial planning phase. Identifying why the client wants an audit, obtaining background information, and performing preliminary analytical procedures are all important steps in the initial planning phase, but they precede developing the overall audit plan and programs.

What Is the Last Step in Accepting an Audit Engagement