What are the benefits of audit planning

Assignment Help Auditing

Reference no: EM132974185

1. List the steps performed by an auditor before accepting a new audit appointment?

2. Identify applicable ethical considerations in accepting a new audit engagement?

3. What are the benefits of audit planning?

4. Discuss the contention that the engagement letter understates the auditor's legal responsibilities so as to discourage litigation?

5. Discuss the steps involved in the audit planning process?

6. What is the purpose of touring operating facilities and offices?

7. Explain the importance of analytical procedures and why auditors may also use non-financial measures in these procedures?

8. What are the auditor's responsibilities In relation to fraud?

9. Explain the incentives. opportunities and attitudes the auditor should be aware of in considering the risk of misappropriation of asset fraud?

10. Define the term 'working papers' and indicate their main function in auditing?

Reference no: EM132974185

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