In all walks of life, it is necessary to plan actions before those actions are performed. The Audit Standard Guidelines states that the Auditors should adequately plan, control, and record their work:

a) What are five of the purposes of planning an audit assignment? (5 marks)

b) Describesubstantivetestingandgiveexamplesfortheadoptionofthisprocedureforthe

detailed audit work. (5 marks)

c) What key stakeholders should the auditor consult during the planning stage? (5 marks)