Consider that you formed an accounting and auditing firm and accepted the request for auditing bank muscat financial statement. Answer the following questions based on your knowledge of auditing.

1. What factors would you consider while evaluating the client proposal for the audit?
2. What information will be included in the audit engagement letter if the client proposal for audit is accepted?
3. What factors will be assessed before preparing the audit plan?
4. As an auditor, how would you audit the following

1. Internal Control
2. Revenue