In Preparing for a Repeat Engagement,the First Thing an Audit

Multiple Choice

In preparing for a repeat engagement,the first thing an audit team should do is ________.

A) interview client management for any changes in the business and industry
B) take a tour of a client's physical facilities,noting obvious inventory obsolescence or equipment maintenance issues
C) obtain a copy of the year-end financial statements for the current year
D) review prior-year working papers and permanent file documents