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QUESTION 3 (20 Marks) An auditor's objective is to be in a position where he/she can form an opinion on whether reports or statements

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QUESTION 3 (20 Marks) An auditor's objective is to be in a position where he/she can form an opinion on whether reports or statements from an audit presents in all respect the position of the organization at a particular point in time. After accepting an audit offer, auditors need to obtain the necessary evidence to form and support his/her evidence. In order to form and support evidence, the auditor goes through an audit process. This audit process is a logical process or task that forms the audit activities and they do so in a sequential manner. It is also a process that is planned and implemented according to audit standards. 3.1 Discuss the following steps in the preliminary stage of the audit process: 3.1.1 Prospective client (5 marks)

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