While general-purpose audit software (option A), voting software and hardware (option B), and flowcharting and data capture software (option C) may have their uses in specific audit tasks, they are not as directly relevant to the overall process of developing an annual audit plan as risk assessment software. Risk assessment is a critical step in prioritizing audit activities and allocating resources effectively, making risk assessment software the most useful tool for developing an annual audit plan.
Risk Assessment is the basis for preparing an Audit Plan
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