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In Planning the Audit, an Auditor Takes Three Basic Steps

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Essay

In planning the audit, an auditor takes three basic steps in determining the audit procedures to be performed for any business cycle or class of transactions in order to gather audit evidence concerning possible misstatement due to error or fraud. List those three basic steps below.


Definitions:

Centrioles

Cylindrical organelles near the nucleus in animal cells, involved in the development of spindle fibers in cell division.

Mitosis

A process of cell division in eukaryotic cells that results in two genetically identical daughter cells from a single parent cell.

Plane

In anatomy, a flat surface imagined to pass through the body, used as a reference point for anatomical descriptions.

Cardiovascular System

The body's heart and blood vessels network that circulates blood to deliver oxygen and nutrients to tissues.

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