Question: When planning an audit, an auditor should Determine materiality for the financial statements as a whole. Conclude whether changes in compliance with prescribed controls require

When planning an audit, an auditor should
Determine materiality for the financial statements as a whole.
Conclude whether changes in compliance with prescribed controls require a change in the reliance on controls.
Consider whether substantive procedures may be reduced based on the results of the internal control questionnaire.
Prepare a preliminary draft of the management representation letter.

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