Question: What would a first year audit staff member learn from participating
What would a first-year audit staff member learn from participating in the audit planning meeting of a client to which he or she has been assigned?
Answer to relevant QuestionsWhy is the audit planning memo an important part of audit documentation?What are the wrap up steps of the audit that are included in the audit plan?In what way can work on the control environment performed by others affect the auditor’s work?What are risks? How are objectives and threats related to risk assessment?To what time period does management’s report on the effectiveness of ICFR relate?
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