(b) The auditor is responsible for developing the audit plan which contains the general audit strategy which gives direction and guidance for developing the audit programme. Required: (i) Explain THREE objectives of audit planning prior to the commencement of the detailed audit work starts. (ii) (6 Marks) List THREE matters the auditor must take into consideration when developing the audit plan in each of the following situations: Knowledge of the entity's business (3 Marks) . Risk and materiality (3 Marks) Nature, Timing and Extent of procedures (3 Marks) Mar