Time Budgets on Audit Engagements Are Not Used for Which

question 15

Multiple Choice

Time budgets on audit engagements are not used for which of the following reasons?

• A)To monitor actual audit hours worked by staff on an engagement.
• B)To ensure that adequate time is allocated to significant areas of the audit.
• C)To estimate an appropriate fee for the engagement.
• D)To ensure that audit staff working on the engagement are paid the correct amount.