An Audit Plan Details the Nature, Extent, and Timing of Audit

question 134

Multiple Choice

An audit plan details the nature, extent, and timing of audit procedures to be performed.The "extent" of audit procedures is best defined as _______.

• A)how much testing will be done
• B)what type of procedure will be used
• C)the reliability and relevance of evidence obtained in the audit
• D)when the procedure will be performed

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Definitions:

Collective Impact

A structured form of collaboration where different organizations come together to solve a specific social problem.

Common Objectives

Goals or aims that are shared among different groups, making collaboration and cooperation more viable.

Collaboration

The act of working together with others to achieve a common goal, often emphasizing cooperation across organizations, disciplines, or sectors.

Government-Agent Collaboration

A partnership or cooperative effort between government entities and outside agents or organizations to achieve specific objectives or projects.