Determine the likely users of the financial statements.Evaluate the appropriate financial statement measures for determining amounts. likely to be considered material by users of the financial statements.
The following are various activities an auditor does during audit planning. 1. Review accounting principles unique to the client’s industry. 2. Determine the likely users of the financial statements. 3. Evaluate the appropriate financial statement measures for determining amounts. likely to be considered material by users of the financial statements. 4. Identify whether any specialists […]