The Most Important Consideration in Developing the Audit Plan and Audit

question 48

Multiple Choice

The most important consideration in developing the audit plan and audit program is the:

• A) client's size.
• B) client's industry.
• C) audit firm's available personnel.
• D) audit risk model used in its planning form.

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Definitions:

Culture

The shared values, beliefs, behaviors, and symbols within a group of people or organization, shaping its social structure and identity.

Execution

The process of carrying out a plan, order, or course of action to achieve a specific outcome.

Strategy

An organization’s long-term course of action designed to deliver a unique customer experience while achieving its goals.

Leadership

The ability to guide, direct, or influence people toward the achievement of a goal or an objective.