There are 6 stages in the audit process noted below. Analyze each of the 6 stages in the audit process. Be sure to be comprehensive in your analysis.

1. Planning the Audit

2. Obtaining an understanding of the client and their environment and internal control

3. Assessing risks of misstatement and designing further audit procedures

4. Performing further audit procedures

5. Completing the Audit

6. Forming the opinion and issuing the report