AUDIT FRAMEWORK AND REGULATION

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February 2, 2016 at 1:18 am #298913
ambitionist
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hi im stuck on study guide 1b.) it is asking to explain the nature and development of audit and assurance engagements. i am thinking that it is basically the same as the objectives and general principles. can you give some insight on how i could approach this?
February 2, 2016 at 7:56 am #298926
Ken Garrett
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I think you are correct. There is a diagram in our notes giving an overview, starting with planning, splitting into tests of control and substantive tests and ending with the audit report.
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