Question:medium
Arrange the following steps in Audit process in the correct order:
(A). Formulation of audit plan.
(B). Issuance of audit report.
(C). Engagement of auditor
(D). Performing substantive procedures.
Arrange the following steps in Audit process in the correct order:
(A). Formulation of audit plan.
(B). Issuance of audit report.
(C). Engagement of auditor
(D). Performing substantive procedures.
(B). Issuance of audit report.
(C). Engagement of auditor
(D). Performing substantive procedures.
Show Hint
Audit steps should follow the logical order to ensure accuracy and completeness.
Updated On: Mar 10, 2026
- (B), (A), (D), (C)
- (A), (C), (D), (B)
- (B), (A), (C), (D)
- (C), (A), (D), (B)
Show Solution
The Correct Option is B
Solution and Explanation
The proper sequence for an audit is: Auditor engagement → Audit plan development → Execution of substantive procedures → Audit report publication.
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