Phase I of the audit primarily relies on which type(s)of audit evidence?
A) analytical procedures
B) inquiries of client
C) documentation
D) all of the above

Question

Quizplus · Accepted Answer

Phase I of the audit involves obtaining an understanding of the client's business and its internal control environment. This is primarily done through analytical procedures, inquiries of the client, and reviewing documentation. Therefore, all of the choices - analytical procedures, inquiries of the client, and documentation - are types of audit evidence relied upon during Phase I.

Phase I of the Audit Primarily Relies on Which Type(s)of