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Stages of the Audit Process
Each stage of an audit-planning, fieldwork, and wrap-up-provides an essential element of the engagement. Research the audit process using online library resources. Write a 4-5 page paper on the stages and elements of the audit process. Include the following in your paper:
• Outline the stages of the audit process.• For each stage, list the elements of the audit process and the pivotal parts of each stage.• Briefly explain the importance of each pivotal part in relation to the entire audit process.
Write a 4- to 5-page paper in Word format. Apply APA standards for writing style to your work and include at least three scholarly resources in your paper.
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Would your answer to b) change if Edge had written to the auditors telling them that they intended to buy NFD and were relying on the audited financial statements to assist them in making their decision?
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