Which of the Following Procedures Would an Auditor Most Likely

Multiple Choice

Which of the following procedures would an auditor most likely include in the planning phase of a financial statement audit?

A) Obtain an understanding of the entity's risk assessment process.
B) Identify specific internal control activities designed to prevent fraud.
C) Evaluate the reasonableness of the entity's accounting estimates.
D) Perform cutoff tests of the entity's sales and purchases.