menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 1: Quality Auditing: Why It Matters
  5. Question
    What Is the First Phase in an Audit
Solved

What Is the First Phase in an Audit

Question 118

Question 118

Multiple Choice

What is the first phase in an audit?


A) Client acceptance or client continuance.
B) Understanding the client.
C) Understanding internal controls.
D) Testing of account balances.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q113: In which of the following situations would

Q114: Effective audit processes,by themselves,are sufficient to achieve

Q115: Which of the following is a factor

Q116: A CPA firm may include the name

Q117: A member of the AICPA must safeguard

Q119: A bank using Milton Company's financial statements

Q120: Audit quality is driven,in part,by the skills

Q121: A new staff member on an audit

Q122: What must audit firms do to perform

Q123: What must an auditor do in an

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines