Audit planning process
Unit Learning Outcomes Assessed:1. Demonstrate a thorough understanding of the reporting requirements of auditingstandards relating to auditors’reports.2. Explain how the audit planning process directs the auditor to obtain adequate evidence tosupport auditfindings and addressthe importanceofmateriality in an audit.3. Explaintheprocessofauditplanningtodetermineriskassessmentsandanoverallauditstrategy.4. Explain the auditors’ obligations with regards to understanding the client’s business andinternal controls and assessing businessrisks.Description: […]
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