Good day! Help me answer these questions please. Thank you

1. Why is planning an audit important?

2. When is planning actually performed by the auditor?

3. Explain the different activities involved in planning an audit.

4. Differentiate audit plan, audit strategy and audit program.

5. What is materiality?

6. How can different materiality levels be quantified?

7. Define risk assessment procedures. Distinguish it from further audit procedures.

8. What the different factors considered when understanding the entity and its environment? Explain.

9. What is risk of material misstatement?

10. Distinguish inherent risk and control risk.