What type of arrangements are made during the preparation phase of an audit?

During the preparation phase of an audit, logistical arrangements are crucial for ensuring that the audit process proceeds smoothly and efficiently. These arrangements involve organizing the necessary resources, such as scheduling the audit, securing meeting spaces, and determining the availability of personnel who will participate in the audit. It may also entail gathering required documentation and ensuring that any tools or technology needed for the audit are in place.

Logistical arrangements help define the structure of the audit and establish a timeline, which allows auditors to plan their activities effectively. This phase is vital as it sets the groundwork for collecting data, conducting interviews, and performing observations that will be integral to the audit findings and conclusions.

In contrast, financial, legal, and marketing arrangements, while important in other contexts, are not typically emphasized during the preparation phase of an audit. They do not directly contribute to the operational readiness of the audit team or the flow of the audit process itself.