Question: AUDITING PLZ HELP ASAP Question 16 (20 marks) Janet is on her first day of work in a small audit firm as secretary. The auditors
AUDITING PLZ HELP ASAP

Question 16 (20 marks) Janet is on her first day of work in a small audit firm as secretary. The auditors have all gone out to work after lunch. She comes across the following 10 key steps* of the audit process and calls for your help: 1. Issue the audit report to the shareholders 2. Perform an analytical review at the planning stage 3. Evaluate the internal controls over the accounting systeme 4. Perform audit completion work and a final review 5. Apply substantive tests of transactions and account balances 6. Carry out tests of controls 7. Send an engagement letter to the client- 8. Issue the management letter to the client 9. Gain an understanding of the accounting system 10. Gain an understanding of the client, its activities and its circumstances Required: Arrange the above audit steps in a logical sequence and list ONE primary objective of each audit step (in bullet point form) in the format illustrated below:+ Audit Steps* 4 ONE primary objective (in bullet point form) (list out the item numbers)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
