Needs to be in APA format, References need to be in APA format

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Needs to be in APA format, References need to be in APA format
	
Document Preview: NEEDS TO BE IN APA FORMAT 6TH EDITION, REFERENCES NEED TO BE IN APA FORMAT 6TH EDITIONACCT685-1301A-01 Review Course: Auditing and RegulationAssignment Name:Unit 2 Individual ProjectDeliverable Length:2–3 pagesDetails:Library Research AssignmentYou are a manager at a CPA firm, and you have been asked to write an article on audit planning for the firm's monthly newsletter.Using the library, conduct research on audit planning. Prepare the article for your firm's monthly newsletter, and include the following information: Components of the audit planning stagesHow to understand the client's businessWhat the risk assessment portions of audit planning are   Objective:?  Understand how to plan an audit engagement, the auditor’s consideration of internal control, the public company audits of internal control, and the review of audit evidence before completing the audit;

David · Accepted Answer

Audit planning 
ISA 300 states that the planning stage should be used to establish overall strategy for audit 
should develop an audit plan and should reduce the audit risk to a low level. 
Benefits from audit planning 
- It helps the auditor obtain sufficient appropriate evidence for the circumstances. 
- It helps the auditor in keeping cost of the audit at reasonable level. 
- It helps in avoiding misunderstanding with the clients.  
The components of audit planning are: - An audit plan and valuation method of audit risk.
Understanding the clients business is a key to efficient and effective audit. Knowledge about the 
business of client helps the auditors in developing and maintaining the positive professional 
relationship with the clients.

Needs to be in APA format, References need to be in APA format Document Preview: NEEDS TO BE IN APA FORMAT 6TH EDITION, REFERENCES NEED TO BE IN APA FORMAT 6TH EDITION ACCT685-1301A-01 Review Course:...

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