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i notice that some of the questions end with ” in respect of the planning, performance of the audit”
In this part, does it really matter we consider it’s planning or performance ? because when the questions ask us to comment as per usual isnt ?
so can we just ignore the last portion whether it’s planning, performance, review, completion ?
No you cannot disregard where you are in the audit:
– planning includes identifying the risks of misstatement and planning how to respond to those risks
– performing is the doing – ToCs, substantive procedures, etc
– review and completion do pretty much go together – but here you have gathered evidence and now you are assessing whether it is sufficient and appropriate.
Comments and considerations at each stage are not generic – so you cannot ignore.
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