Question: QUESTION 1 (20 Marks) 1.1 ISA 300 Planning an Audit of Financial Statements provides guidance to assist auditors in planning an audit. Required: Explain the

QUESTION 1 (20 Marks)

1.1 ISA 300 Planning an Audit of Financial Statements provides guidance to assist auditors in planning an audit.

Required: Explain the benefits of audit planning. (10 marks)

1.2 Evaluate 4 stages in the Audit process (13)

1.3 Describe contents of an engagement letter

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