Question: Please explain thoroughly. Describe how significant audit planning is in auditing. Explain the audit planning process. a. Organizational objectives b. Assess risk priorities c. Resource

Please explain thoroughly.

  1. Describe how significant audit planning is in auditing.
  2. Explain the audit planning process.

a. Organizational objectives

b. Assess risk priorities

c. Resource prioritized areas

d. Audit strategic plan

e. Annual audit plan

f. Quarterly audit plan

g. Outline objectives statement

h. Preliminary survey

i. Assignment Plan

j. Audit proper

3 . Explain the preliminary survey components.

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