Question

The Stages of an Audit Read the overview below and complete the activities that follow. Every audit is unique, and specific procedures performed will vary based on the client, industry, and people involved; however, every audit that is performed in accordance with Generally Accepted Auditing Standards follows the same six steps. CONCEPT REVIEW: Although specific elements are required along each step of an audit and will be varying and modified specific to each engagement, every audit goes through the same five stages: 1) Obtain or Retain Engagement; 2) Engagement Planning; 3) Risk Assessment; 4) Audit Evidence; 5) Reporting Read the stages of an audit listed below and put them in the correct order. Engagement Planning Audit Evidence Obtain or Retain Engagement Risk Assessment Reporting

          The Stages of an Audit
Read the overview below and complete the activities that follow.
Every audit is unique, and specific procedures performed will vary based on the client, industry, and people involved;
however, every audit that is performed in accordance with Generally Accepted Auditing Standards follows the same six
steps.
CONCEPT REVIEW:
Although specific elements are required along each step of an audit and will be varying and modified specific to each
engagement, every audit goes through the same five stages: 1) Obtain or Retain Engagement; 2) Engagement Planning; 3)
Risk Assessment; 4) Audit Evidence; 5) Reporting
Read the stages of an audit listed below and put them in the correct order.
Engagement
Planning
Audit Evidence
Obtain or Retain
Engagement
Risk
Assessment
Reporting

The Stages of an Audit
Read the overview below and complete the activities that follow.
Every audit is unique, and specific procedures performed will vary based on the client, industry, and people involved;
however, every audit that is performed in accordance with Generally Accepted Auditing Standards follows the same six
steps.
CONCEPT REVIEW:
Although specific elements are required along each step of an audit and will be varying and modified specific to each
engagement, every audit goes through the same five stages: 1) Obtain or Retain Engagement; 2) Engagement Planning; 3)
Risk Assessment; 4) Audit Evidence; 5) Reporting
Read the stages of an audit listed below and put them in the correct order.
Engagement
Planning
Audit Evidence
Obtain or Retain
Engagement
Risk
Assessment
Reporting

Added by Mark C.

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