Which of the following has the greatest effect on the efficiency of an audit?
A.
The complexity of deficiency findings.
B.
The adequacy of preliminary survey information.
C.
The organization and content of workpapers.
D.
The method and amount of supporting detail used for the audit report.
The Answer Is:
B
This question includes an explanation.
Explanation:
The efficiency of an audit is greatly influenced by the adequacy of preliminary survey information. Thorough preliminary surveys help auditors understand the audit scope, identify potential issues early, and plan their work efficiently, thereby increasing overall audit efficiency. References: = IIA Practice Guide: “Engagement Planning: Establishing Objectives and Scope” and IIA Standard 2201 - Planning Considerations.
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