Question: Prepare a broad audit plan: a. What material types of transactions and transaction cycles? b. What are the high-risk areas? c. what are the low-risk

Prepare a broad audit plan:

a. What material types of transactions and transaction cycles?

b. What are the high-risk areas? c. what are the low-risk areas?

d. To what extent do you believe it will be appropriate to reduce assessed control risk?

e. How will audit effort be allocated among geographical areas?

f. What form of auditors' report do you expect will be issue; what does it mean?

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