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The stage of the audit process that comes before planning is the quality control for an audit of the financial statements. The financial statements are a document that shows credits and debits.

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What stage of the audit process comes before planning?

The stage that comes before planning in the audit process is typically the "engagement acceptance" or "client acceptance" stage. During this phase, auditors evaluate potential clients and determine whether to accept the engagement based on factors such as integrity, compliance with ethical standards, and the ability to perform the audit effectively. This assessment helps ensure that the auditors can conduct the audit responsibly and in accordance with professional standards.


What is the difference between pre-audit and post-audti?

a pre audit is where the inspecting firm comes in and gives you some advice on what to fix, check etc... the post audit is where the agency comes in to see if you have fixed the problems or came up with answers to the questions they asked during the audit itself.


What are the differences between accounting and auditing?

AnswerThe word audit has two meanings. The first is the security audit, whereby a consulting firm comes in and validates a companies security profile. This is similar to how accounting firms review a company's books. The second term is infosec specific, and means an "auditing" subsystem that monitors actions within the system. For example, it may keep a record of everyone who logs onto a system. Such a record is known as an audit trail.


What is assessment order in income tax?

An assessment order is a document that comes into effete after an enquiry has been made on you by an Assessing officer. The document will contain observations, information and reasons for the order to be passed. There are a few reasons for obtaining an assessment order, including the fact you have come under scrutiny for some reason and is undergoing an audit. An assessment order generally comes into effect after your taxes have been filed, rather than before.


Which day comes before Thursday?

Wednesday

Related Questions

What stage of the audit process comes before planning?

The stage that comes before planning in the audit process is typically the "engagement acceptance" or "client acceptance" stage. During this phase, auditors evaluate potential clients and determine whether to accept the engagement based on factors such as integrity, compliance with ethical standards, and the ability to perform the audit effectively. This assessment helps ensure that the auditors can conduct the audit responsibly and in accordance with professional standards.


What stages of the audit process comes after the audit plan?

5


What is audit note book?

an audit notebook is one in which the auditor makes notes of all important items that he comes across in cource of his audit work.


What is the difference between pre-audit and post-audti?

a pre audit is where the inspecting firm comes in and gives you some advice on what to fix, check etc... the post audit is where the agency comes in to see if you have fixed the problems or came up with answers to the questions they asked during the audit itself.


What is the difference between an audit an assessment and an evaluation when it comes to training?

assessment is an informal form of defining gaps in system whereas audit is a formal form.


Which writing process stage immediately precedes drafting?

Before drafting comes thinking.


Why is planning so important when it comes to construction of giant buildings?

Planning is very important when it comes to construction of giant buildings because the structure and stability of the building must be mapped out before it is built. Depending on the circumstances, such as earthquake or flood susceptibility, different blueprints are necessary.


What step in the writing process comes write before outlining?

Getting the topic you write about


What comes before B if N comes before m i comes before o you comes before i z comes before x?

V - Think keyboard


If N comes before M you comes before O U before you and Z before X what letter comes before B?

V comes before B.


What is the substance that comes out before sperm?

if you are talking about the process to form a baby inside the womb nothing comes before sperm it is there from the beginning


Planning is looking a head and controlling is looking back?

planning may be looking ahead whilst controlling is ensuring the planning comes to a sucessful conclusion