When Planning the Audit, the Auditor Must Make the Following

question 16

Multiple Choice

When planning the audit, the auditor must make the following important decisions except the:

• A) assignment of staff to perform audit tests.
• B) nature of tests to be performed.
• C) characteristics of tests to be performed.
• D) extent of tests to be performed.
• E) timing of tests to be performed.

---

Definitions:

Net Payroll

The total amount of wages paid to employees after the deduction of taxes and other withholdings.

IFRS

International Financial Reporting Standards, which are designed to bring consistency to accounting language, practices, and statements on a global scale.

Expected Loss

An estimated amount a company anticipates losing due to credit risk or other potential business risks.

Lawsuit

A legal action taken by one person or entity against another person or entity, typically in a court of law, over a dispute.