Which of the following is the best definition of an audit planning memo?
A) An audit planning memo describes the areas of the process that are subject to audit.
B) An audit planning memo includes key audit planning information.
C) An audit planning memo is an Agile version of a planning memo.
D) An audit planning memo is an interview where auditees explain their daily functions to the auditor.

Question

Quizplus · Accepted Answer

An audit planning memo includes key audit planning information, outlining the strategy, scope, and direction of the audit. It serves as a comprehensive guide for the audit team, detailing what will be audited, how it will be conducted, and the objectives to be achieved.

Which of the Following Is the Best Definition of an Audit