Auditors plan their audits not only to protect themselves from liability, as you indicated, but also because planning is required by the generally accepted auditing standards (GAAS). As we discussed during previous weeks, according to GAAS, auditors need to plan their audits properly and, assistants, if any, need to to be supervised properly. Adequate planning helps the auditor perform their audits effectively and efficiently. Explain why is this and provide examples on this matter.