Which of the Following Items Are Included in the Audit

question 58

Multiple Choice

Which of the following items are included in the audit planning meeting?

• A) brainstorming about fraud risks
• B) establishing responsibility for preparing the financial statements
• C) establishing responsibility for monitoring of internal controls
• D) preparing the engagement letter.

---

Definitions:

Pattern of Usage

Refers to the habitual ways in which a service or product is utilized over time by consumers or within an organization.

Site Preparation

The process of making a piece of land suitable for construction or other specific purposes, including clearing, grading, and installing foundational infrastructure.

Delivery Costs

Expenses associated with the distribution or transport of goods from the manufacturer or warehouse to the end customer.

Installation Costs

The expenses incurred to put an asset into operation and prepare it for use, including costs of setting up, assembling, and installing.