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CIMAPRA19-P03-1 Exam - Topic 3 Question 58 Discussion

Which of the following are objectives of the audit planning procedure?
A) To work out the time and resources required for the audit. and B) To perform substantive tests. and D) To perform analytical review to identify possible areas for investigation.
C) To work out how audit evidence will be obtained.
E) To set out how audit objectives will be achieved.

CIMAPRA19-P03-1 Exam - Topic 3 Question 58 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam
Question #: 58
Topic #: 3
[All CIMAPRA19-P03-1 Questions]

Which of the following are objectives of the audit planning procedure?

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Suggested Answer: A, B, D

by Lacey at Sep 14, 2024, 02:47 AM

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Enola
8 months ago
B just seems like something you do later, right?
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Kattie
8 months ago
E is super important too, can't overlook that!
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Fatima
8 months ago
Wait, are we sure D is part of the planning? Seems off.
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Virgina
8 months ago
Totally agree, C is also key for planning.
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Jonelle
9 months ago
A is definitely one of the objectives!
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Junita
9 months ago
I feel like E is also important since setting out how to achieve audit objectives is part of the overall strategy, but I’m not completely confident.
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Renato
9 months ago
C sounds right to me because figuring out how to obtain audit evidence seems like a key part of the planning process.
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Troy
9 months ago
I'm a bit unsure about B; I thought substantive tests are more about execution rather than planning.
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Irene
9 months ago
I remember that planning is crucial for determining the time and resources needed, so I think A is definitely one of the objectives.
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Kenny
9 months ago
This is a good test of my audit knowledge. I'll methodically go through each option and select the ones that clearly align with the objectives of the audit planning procedure.
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Tamar
9 months ago
I'm a bit lost on this one. Is the goal just to list the objectives of audit planning, or is there more to it? I'll have to re-read the question closely.
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Ammie
9 months ago
Hmm, not sure about this one. Audit planning seems tricky - I'll need to think through each option carefully to make sure I don't miss anything.
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Jerlene
9 months ago
This looks like a straightforward audit planning question. I'll focus on identifying the key objectives like time, resources, and how to obtain evidence.
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Galen
10 months ago
Okay, I've got this. The main objectives are to determine the time and resources needed, and to plan how to gather the necessary audit evidence. I'll make sure to select those options.
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Daron
1 year ago
Hmm, this one's a toughie. I think I'm gonna go with A, C, and E. Gotta make sure we've got the plan all figured out before we dive in, you know? Though, I do have to wonder, is there a 'None of the Above' option just to keep us on our toes?
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Ashley
1 year ago
Laquita: Exactly, setting out how we'll achieve our objectives is key.
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Laquita
1 year ago
User 2: Definitely, we need to make sure we have the time, resources, and strategy in place.
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Lyndia
1 year ago
User 1: I agree, A, C, and E are important for planning the audit.
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Dianne
1 year ago
You know, I was just thinking about how much I love audit planning. It's like a treasure hunt, but with spreadsheets instead of maps! Anyway, I'd go with A, C, and E. Can't forget the good old time and resource allocation.
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Yolando
1 year ago
Setting out how audit objectives will be achieved is also important to stay on track.
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Ena
1 year ago
Yeah, figuring out the time and resources needed is crucial for a successful audit.
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Janae
1 year ago
I agree, A, C, and E are definitely key objectives in audit planning.
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Casie
1 year ago
Wait, hold up, what about D? Analytical review is a crucial part of audit planning too, right? Gotta cover all the bases here, folks.
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Antonio
1 year ago
Hmmm, A, C, and E seem like the obvious choices here. Audit planning is all about mapping out the resources, evidence, and objectives, isn't it? Gotta love a good multiple-choice question!
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Eulah
1 year ago
Absolutely, having a clear plan is crucial for a successful audit.
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Earnestine
1 year ago
It's important to consider time, resources, evidence, and objectives in the planning process.
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Roxane
1 year ago
Agreed, those options cover the essential aspects of audit planning.
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Camellia
1 year ago
I think A, C, and E are definitely key objectives in audit planning.
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Rebbeca
1 year ago
I believe performing analytical review to identify areas for investigation is also a key objective.
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Jamey
1 year ago
I agree with Gerry. It's important to plan how audit evidence will be obtained as well.
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Gerry
1 year ago
I think the objectives of audit planning include working out time and resources needed.
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