1. Discuss the audit process in an appropriate manner.

a. Letter of Audit engagement

b. Prepare plan for audit

c. Conduct meeting with management

d. Audit initiation

e. Preparing audit report

f. Closure meeting with management

2.Discuss the various methods that can be used for the purpose of identifying the fraudulent activities below: -

a. Audit trail

b. Whistle blowing

c. Internal audit

d. Internal control system

3.Discuss the audit planning on the basis of three factors such as:

a. Scope

b. Materiality

c. Risk