The element of the audit planning process most likely to be agreed upon with the client before implementation of the audit strategy is the determination of the
A) Evidence to be gathered to provide a sufficient basis for the auditor's opinion.
B) Procedures to be undertaken to discover litigation, claims and assessments.
C) Pending legal matters to be included in the inquiry of the client's attorney.
D) Timing of inventory observation procedures to be performed.

Question

Quizplus · Accepted Answer

The timing of inventory observation procedures is a logistical consideration that must be agreed upon before they are executed. The other choices involve more substantive issues that are typically determined during the planning phase but may require ongoing discussion and negotiation with the client throughout the audit process.

The Element of the Audit Planning Process Most Likely to Be