Question

audit plans should be based on knowledge of the client's​

Answer 1

Explanation:

Audit plans should be based on the knowledge of client's business. The auditor should so plan his work that audit may be conducted in an effective and efficient manner. Due regard must be paid to client's accounting system, policies and internal control procedures.

Answer 2

The answer is business.

Audit plans should be based on the knowledge of client's business. The auditor should prepare his job in such a way that the audit can be carried out effectively and efficiently. The client's accounting system, policies, and internal control procedures must all be considered.

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