c
c

m Provides users of financial information with

P V

 


that the financial
statements are not 

 
 
m 
responsible for detecting theft or fraud
P pnstead, provide

 



m
he
 the auditor is hired prior to the BS date, the
better for audit planning and efficiency
P udit procedures can be carried out at interim
dates if Control Risk for the accounts/transactions
is low
m Review changes in balances at year-end
m pf the year has already been closed, an
auditor can take the engagement if they are
able to overcome the limitations of the
engagement
m n auditor uses 3   
 3
to
P Plan the 
3 of the udit
P Plan the ?
  of the udit
m hen planning an audit
P Role and involvement of client¶s  

  
should be decided
^
P nalytical procedures performed
m Compare ctual vs. Forecasted Data
P pf issues relating to 3 
 
   on
previous F/S come up during the current audit
m uditor have client¶s permission to
discuss the issue
P udit procedures that are carried out by
 

m ere they
 
 3   ?
m Review the   3
3 
m re the results
  with the audit
report?
P udit Strategy should be mapped out
m hat are the reporting objectives?
m hat is the scope of the audit?
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