The following are parts of a typical audit for a company with a financial year-end of 30 June.

1. Confirm accounts payable.

2. Perform tests of controls and substantive tests of transactions for acquisition and payment and the payroll and personnel cycles.

3. Perform other tests of details of balances for accounts payable.

4. Perform tests for review of subsequent events.

5. Accept the client.

6. Issue the audit report.

7. Understand internal control and assess control risk.

8. Perform analytical procedures for accounts payable.

9. Set acceptable audit risk, and decide preliminary assessment of materiality and tolerable misstatement.

REQUIRED

a. Put parts (1)-(9) of the audit in the sequential order in which you would expect them to be performed in a typical audit.

b. Identify those parts that would often be done before 30 June.