Assume that you are the engagement manager conducting the financial statement audit of your

selected company. You are required to prepare an audit planning document for dissemination to your

audit team.

Assume that the financial statements included in the annual report are not yet audited $($draft

statements$)$ and you are responsible for planning the audit of these statements.

Use the information provided in the company$$s Annual Report and other publicly available documents

relevant to your planning process. State any assumptions you find it necessary to make. You are not to

contact the organization or interview people for this assignment. You also should not contact the

company$$s auditors as they will need to keep all the client information confidential.

The memo should be no more than fifteen $(15)$ pages $($excluding exhibits$)$ in length using normal margins

and a font size no less than $10$ and larger than $12.$

Use www$.$sedar.com to select a company and access financial statements.

The document should address GAAS requirements and include $($but not limited to$)$:

$$ Business information;

$$ Risk assessment;

$$ Preliminary analytics;

$$ Risk areas $($overall financial statement and specific for your selected company$)$;

$$ Staffing and time budget;

$$ Approach;

$$ Materiality;

$$ Audit procedures related to selected risk areas.

You may find exhibit $5-1$ helpful as a starting point for this assignment.