Section 6 – Audit Planning and Analytical Procedures image source: Figure 13-9 from Arens, Elder, and Beasley, Auditing and Assurance Services: An Integrated Approach, 15th ed Page 1 Section 6 – Audit Planning and Analytical Procedures Planning the audit AICPA Principles of Performance: “The auditor must adequately plan the work and must properly supervise any assistants” Why plan? 1. 2. 3. Page 2 Section 6 – Audit Planning and Analytical Procedures Early Audit Planning Aids in Risk Assessment…
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