The Purpose of ________ Is to Determine Why,how,when,and Who Will

question 30

Multiple Choice

The purpose of ________ is to determine why,how,when,and who will perform the audit.

• A)audit planning
• B)the collection of audit evidence
• C)the communication of audit results
• D)the evaluation of audit evidence

---

Definitions:

Decreases

A reduction in the size, quantity, or importance of something.

Posting

The process of recording financial transactions in the ledger of an accounting system, an essential step in the accounting cycle.

Transaction

A business event or exchange between two or more parties that has a financial impact on the accounts of the entities involved.

Trial Balance

A bookkeeping report that lists the balances of all ledger accounts at a specific point in time, used to verify the mathematical accuracy of the accounts.