The stages in the audit can be summarized as:
1. The planning phase:
·
Know your
client;
Know your
client;
·
Internal
control system review;
Internal
control system review;
·
Planning
the audit;
Planning
the audit;
·
Evaluation
of audit risk;
Evaluation
of audit risk;
·
Develop
the audit programmed.
Develop
the audit programmed.
2. The operational phase:
·
Audit
testing
Audit
testing
·
Analytical
review techniques;
Analytical
review techniques;
·
Analytical
review of financial statements.
Analytical
review of financial statements.
3. The reporting phase:
·
Preparation
and signing of the audit report;
Preparation
and signing of the audit report;
·
The management
letter or letter of weakness.
The management
letter or letter of weakness.
