QUESTION 3 3.1. List the stages which the auditor goes through in the audit process? 3.2. Briefly describe the activities undertaken by the auditor during the preliminary stage of the audit process? 3.3. Identify the main important benefits of planning for an audit engagement? 3.4. Preliminary engagement activities form part of planning in the audit of annual financial statements. Is this true or false, explain? 3.5. Engagement procedures are divided two, briefly explain these two? QUESTION 4 4.1 Sampling is important in an audit process. Briefly explain the value of sampling in the audit process 4.2. Identify and explain the two types of sampling risks? 4.3. Briefly discuss the advantages of using statistical sampling in auditing? 4.4 Discuss three types of statistical sampling techniques