Which of the Following Audit Procedures Is Most Likely to Be

Multiple Choice

Which of the following audit procedures is most likely to be performed during the planning phase of the audit?

A) Obtain an understanding of the client's risk assessment process.
B) Identify specific internal control activities that are designed to prevent fraud.
C) Evaluate the reasonableness of the client's accounting estimates.
D) Test the timely cutoff of cash payments and collections.