Which documents should be reviewed as part of the audit planning process?

During the audit planning process, it is crucial to gather comprehensive information that will shape the audit scope and methodology. Reviewing legislation, policies, and statutes is essential because it ensures that the audit remains compliant with regulatory requirements. Additionally, considering the results of previous audits helps in identifying areas of concern or improvement, allowing auditors to address past issues proactively.

By analyzing this broader context, auditors can better understand the legal and operational environment in which the organization operates, which informs the risk assessment phase of the audit. Such thorough preparation contributes to a more effective and focused audit process, aligning it with both organizational goals and regulatory expectations.

The other options would not provide the same depth of understanding, as relying solely on financial statements offers a limited perspective, while internal emails might lack the comprehensive perspective needed for planning. Lastly, documentation from external consultants may not fully capture the internal context needed for a thorough audit plan.