1. List four sources from which an auditor may gather information about a prospective client at the preliminary engagement activities stage of the audit process. 2. Provide five reasons (other than a lack of skills, resources or time) which may result in a firm not wishing to enter into a relationship with a prospective client. 3. If a prospective client will not give the proposed auditor access to internal documents or prior financial statements when the proposed auditor is conducting preliminary engagement activities, the audit should not be accepted. Discuss. 4. What is the objective of the planning stage of the audit process? 5. Which three words define the audit strategy? 6. Which three words define the audit plan? 7. Identify five matters which should be dealt with in an agreement on audit engagement terms. 8. The audit strategy and audit plan must be documented. True or false? Explain. 9. Explain how an auditor might respond to high assessed risk at the financial statement level