With respect to planning of a year-end audit, which of the following statements is always true?
a. An engagement should not be accepted after the fiscal year-end.
b. An inventory count should be observed at the balance sheet date.
c. The client's audit committee should not be told of the specific audit procedures which will be performed.
d. It is an acceptable practice to carry out parts of the audit at interim dates.
Answer: D
CPA Exam
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