1. What are the key issues that need to be addressed before an audit begins?

2. In your own words, briefly explain why audit planning is important.

3. What is materiality? How does it affect audit planning and the conduct of the audit?

4. Briefly describe the role that computer systems play in the planning of the audit and how computer-assisted techniques (CAT) can be used to improve audit efficiency and effectiveness.

5. In your own words, briefly explain how auditors should document their audit work and why it matters how the work is documented, including permanent files, current file, indexing, cross-referencing, headings, signatures, dates, and audit marks.