Question: CONCEPT REVIEW: Although specific elements are required along each step of an audit and will be varying and modified specific to each engagement, every audit

CONCEPT REVIEW:

Although specific elements are required along each step of an audit and will be varying and modified specific to each engagement, every audit goes through the same five stages:

1)

Obtain or Retain Engagement;

2)

Engagement Planning;

3)

Risk Assessment;

4)

Audit Evidence;

5)

Reporting

Read the stages of an audit listed below and rank them in the correct order.

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