As an external auditor, list the information that you would want before meeting the internal audit or management team. What pre-audit preparation would you undertake to ensure you understood the complexities and materiality of the business and ultimately the audit.
Audit Assignment 2
Question 1 – 500 words
As an external auditor, list the information that you would want before meeting the internal audit or management team. What pre-audit preparation would you undertake to ensure you understood the complexities and materiality of the business and ultimately the audit. Explain how this information will be used and what cross check you can use.
Notes – for example look at previous years accounts/prev audits. Look at economy and sector and any issues/trends.
