CUNLEFI 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.

Rank the options below.

Risk Assessment

Obtain or Retain Engagement

Engagement Planning

Audit Evidence