The Element of the Audit Planning Process Most Likely to Be

question 57

Multiple Choice

The element of the audit planning process most likely to be agreed upon with the client before implementation of the audit strategy is the determination of the

• A) Evidence to be gathered to provide a sufficient basis for the auditor's opinion.
• B) Procedures to be undertaken to discover litigation, claims and assessments.
• C) Pending legal matters to be included in the inquiry of the client's attorney.
• D) Timing of inventory observation procedures to be performed.

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Definitions:

Backlash

The gapping or play between mating gear teeth usually measured with thickness gauges or a dial indicator.

Fatigue-Type Failures

Failures in materials or components that occur due to repetitive stress or strain over time, leading to cracks or breaks.

Gear Components

The individual parts that make up a gear system, including gears, shafts, bearings, and others, which transmit power and motion.

Spalled Tooth Surfaces

A condition where the surface of gear teeth becomes pitted or flaked off, usually due to fatigue, excessive loading, or material defects.