Which set of activities describes the planning phase of an audit?

Comprehensive Detailed Step-by-Step Explanation:

Activities in the Planning Phase:

The planning phase involves understanding the scope, objectives, and framework for the audit.

Preliminary discussions with management set the stage for identifying critical processes and potential risk areas.

Key Actions:

Scheduling preliminary discussions ensures alignment on audit goals.

A walk-through of key processes provides insight into workflows and control mechanisms.

Alignment with CAMS-Audit Principles:

Effective planning as described in CAMS-Audit guidelines prioritizes communication and process understanding during initial audit phases​​.