What are the wrap up steps of the audit that are included in the audit plan?
Answer to relevant QuestionsHow does the auditor plan for the ICFR audit? For the financial statement audit? In other words, what linkages are important to develop and document as a part of drafting the audit plan?How can management’s control over a low-ranking person affect the value of that person’s work to the auditor?What is important to ICFR about organizational authority?What is the purpose of the SEC’s Interpretive Release on management’s assessment and reporting on ICFR? Does it impose requirements for management reporting?When completed, the set of audit work papers documents what information?
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