Which of the Following Statements Regarding an Audit Program Is

question 116

Multiple Choice

Which of the following statements regarding an audit program is true?

• A)An audit program should be standardized so that it may be used on any client engagement.
• B)The audit program should be completed by the client company before the audit planning stage begins.
• C)An audit program should be developed by the internal auditor during the audit's completion/reporting phase.
• D)An audit program establishes responsibility for each audit test by requiring the signature or initials of the auditor who performed the test.

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Definitions:

Location Decision Methods

Techniques and processes used to determine the best geographic location for a business or facility based on various criteria.

Location Decision

Refers to the process of choosing a geographical location for a company's operations, considering factors like cost, accessibility, and proximity to suppliers or customers.

Parking and Access

The design and implementation of facilities and regulations for the parking of vehicles and the ease with which people can enter or approach a location.

Transportation Costs

Expenses associated with the movement of goods or people from one location to another.