Discuss Acams Advanced-CAMS-Audit Exam Topic 1 Question 36

Which set of activities describes the planning phase of an audit?

ARequest data regarding financials, schedule planning meeting and perform sample testing

BRequest the scheduling of preliminary discussions with management and request a walk-through of key processes

CRequest organizational charts, assess data for sample testing and provide an initial report

DRequest management overview of the organization conduct analytical review of processes and issue findings
Comprehensive Detailed Step-by-Step Explanation:
Activities in the Planning Phase:
The planning phase involves understanding the scope, objectives, and framework for the audit.
Preliminary discussions with management set the stage for identifying critical processes and potential risk areas.
Key Actions:
Scheduling preliminary discussions ensures alignment on audit goals.
A walk-through of key processes provides insight into workflows and control mechanisms.
Alignment with CAMS-Audit Principles:
Effective planning as described in CAMS-Audit guidelines prioritizes communication and process understanding during initial audit phases.

Suggested Answer: B

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16 comments · newest first

Geraldo 3 days ago

I think B is the best choice. Preliminary discussions are crucial.

Slyvia 8 days ago

D is too focused on findings. Planning needs more groundwork.

Josephine 13 days ago

C is tempting, but it feels more like execution than planning.

Paris 18 days ago

Exactly, A jumps into testing too soon. B sets the stage well.

Alecia 23 days ago

A seems off. Sample testing isn't really planning, right?

Danica 29 days ago

I agree, B makes sense. Understanding processes is key.

Eric 1 month ago

I think B is the best choice. It focuses on discussions with management.

Bambi 1 month ago

C just doesn't feel right for planning, too focused on reporting.

Omega 1 month ago

B is the best choice, hands down!

Shonda 2 months ago

Wait, are we sure D is part of the planning phase? Seems off.

Lamar 2 months ago

I think A is also important for data gathering.

Cheryl 2 months ago

Definitely B! Preliminary discussions are key.

Lashawna 2 months ago

I’m torn between B and D. I know B talks about discussions and walk-throughs, but D mentions findings, which feels more like the execution phase.

Stephaine 2 months ago

I practiced a similar question, and I feel like A mixes up planning with testing too much. B seems more focused on planning activities.

Felix 3 months ago

I'm not entirely sure, but I remember something about preliminary discussions being crucial. Maybe B is the best choice?

Hector 3 months ago

I think the planning phase is mostly about understanding the organization and its processes, so B sounds right to me.

Acams Advanced-CAMS-Audit Exam - Topic 1 Question 36 Discussion