Preliminary engagement activities include:
A)evaluating internal controls.
B)assessing audit risk at the account balance level.
C)setting materiality.
D)performing background checks on top management.

Question

Quizplus · Accepted Answer

Preliminary engagement activities do not involve evaluating internal controls, assessing audit risk at the account balance level, or setting materiality. Performing background checks on top management may be a part of preliminary engagement activities to evaluate the credibility and credibility of the management team.

Preliminary Engagement Activities Include