The form and content of the audit engagement letter may vary for each company. Write a sample audit engagement letter and highlight the key areas

Describe the four phases of an audit and discuss the key factors that would help you determine how to plan the audit for this company. Provide specific examples.

answer must be in table format or i will give down vote

Think about the accounting courses you have taken to date. Assets, Liabilities, Stockholders Equity are sections in the balance sheet. The auditor must consider each section in their audit. Discuss the sections and the accounts in those sections that you believe require enhanced focus in an audit and explain your choices.

Compile a full set of notes which you will use to prepare for the training session that you are required to present. The notes should include: a) The steps a professional accountant should take in applying the conceptual framework approach. b) An explanation of the five categories of threats suggested by the code. c) A brief description of six general safeguards in an audit firm’s work environment that will ensure that threats to compliance with the fundamental principles are addressed appropriately

The following are various activities an auditor doesduring audit planning.1. Determine the likely users of the financial statements.2. Identify whether any specialists are required for the engagement.3. Send an engagement letter to the client.4. Tour the client’s plant and offices.5. Compare key ratios for the company to those for industry competitors.6. Review management’s risk management controls and procedures.7. Review accounting principles unique to the client’s industry.8. Identify potential related parties that may require disclosure.For each procedure, indicate which of the first four parts of audit planning the procedureprimarily relates to: (1) accept client and perform initial audit planning; (2) understandthe client’s business and industry; (3) assess client business risk; (4) perform preliminaryanalytical procedures.

Using your selected objective, create an audit plan of the organization's financial statements that address the following, with support each with appropriate auditing standards. 1. Business Risks 2. Management Assertions 3. Audit Risk 4. Internal control and effect on audit procedures

reflect on your experience completing an audit.  Include thoughts on the process, whether you are interested in pursuing an audit career, or anything else that you would like to share about your experience in this auditing course.

In order of increasing level of rigour, auditors generally offer 4 types of assurance services. What is the lowest level of assurance?   Select one:A. Review engagementB. 100% assuranceC. Financial report auditD. Agreed-upon procedures

1. Please answer ASAP!!