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Question 2 A. Discuss the purposes of the Management Letter. (10 marks) B. What is the audit plan? Outline the FIVE (5) benefits of an

Question 2

A. Discuss the purposes of the Management Letter. (10 marks)

B. What is the audit plan? Outline the FIVE (5) benefits of an audit plan. (7 marks)

C. Discuss the relationship between materiality and level of audit risk. (5 marks)

D. Explain FIVE (5) steps that should be taken when obtaining an understanding of the

clients internal control.

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