Planning Stage

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Department
Financial Accounting
Course
MGAD10H3
Professor
Julie Mc Donald
Semester
Fall

Description
MGTD60 Plan Stage Steps Reason How Make Pre- Auditors try to reduce risk by Comprise team of engagement carefully managing engagement engagement partner, arrangements Having right staff with right audit manager, 1+ senior competency audit staff members, Ensuring staff are independent staff assts, specialists, Timing of audit time budget tax partner, consulting allows spread workload bw services partner, second interim and yr-end periods audit partner Small firm 1 or 2 ppl Propose plan for timing of work based on prev exp and KOB Time reports of time taken for audit procedures to eval efficiency of members, billing client, planning
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