"The objective of the auditor is to plan the audit so that it will be performed in an effective manner." ISA 300 - Planning an audit of financial statements. 1. What stage of the audit process comes before planning? 2. What stages of the audit process come after planning? 3. Define the term "preconditions for an audit". 4. Indicate the stage of the audit to which the preconditions of an audit are most relevant. Explain. 5. When conducting planning activities, the auditor establishes the overall audit strategy; broadly describe the matters to which the auditor will give attention in establishing the audit strategy. 6. What is an audit programme and when is it compiled? 7. What is the relationship between audit planning and audit risk? 8. What is a significant risk, and when are significant risks, if any, identified