Which of the Following Is Not a Consideration in the Planning

question 25

Multiple Choice

Which of the following is not a consideration in the planning phase of the audit?

• A)Obtaining an understanding of the entity's business and industry.
• B)Assessing competence to perform the audit.
• C)Considering audit risk.
• D)Making preliminary judgements about materiality levels.

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Definitions:

Time Restraints

Limitations or constraints placed on the duration within which tasks or activities must be completed.

Annual Meeting

A yearly gathering of stakeholders, such as shareholders of a corporation or members of an organization, to discuss and review the year's activities and outcomes.

Email Composition

The process of writing and structuring an email message to convey information or requests clearly and effectively.

Face-To-Face Visits

Meetings or interactions between individuals in person rather than through digital means.