Sources of Audit Planning Information May Come from Which of the Following

question 14

Multiple Choice

Sources of audit planning information may come from which of the following?

• A)Knowledge of client's business and industry.
• B)Assessment of risk of material misstatement.
• C)Results of analytical procedures.
• D)All of the above.

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Definitions:

Predefined

Refers to something that has been defined or set in advance before being used or implemented.

Fault Routine

A predefined sequence of actions in control systems that is executed when an error or fault condition is detected.

Main Routine

The primary and essential part of a program or PLC code that dictates the operation and flow of tasks.