Explain the impact risk has on the amount of testing that needs to be done during the audit or the level of evidence that needs to be obtained?

Explain how the level of effectiveness of Internal Controls dictates the amount of testing that needs to be done during the audit or the level of evidence that needs to be obtained?

What items must an auditor thorough assess in order to understand an entities environment to effectively complete a quality audit? Why are each of these items important?

List 6 audit procedures for obtaining evidence? For each item provide an explanation as to whether you feel the type of evidence would be considered High, Medium, or Low in general reliability?

At what point in the audit are analytical procedures an appropriate testing tool??

What are the four ways to test internal Controls?