Mr. Khalil was appointed as an auditor for audit Majan Company. He is to be assisted by 2 assistants. Mr. Said, one of the appointed assistants is suggesting other method of audit which Mr Khalil did not agree. The team is expected to start audit based on their target calendar. Based on the above scenario:

1. Describe the preparations required for an audit planning that the team may use. (3 marks)

2. Justify practically why an audit planning is vital for Majan Company? (2 marks)