Planning phase enables the auditor to obtain all the relevant background information to gain an understanding of the client's entity. The analytical procedures initiated by the auditor in the planning...

Extracted text: Planning phase enables the auditor to obtain all the relevant background information to gain an understanding of the client's entity. The analytical procedures initiated by the auditor in the planning phase enable the auditor with all of the following EXCEPT: Acquiring knowledge of the policies and procedures in place Areas or aspects of potential risks Determination of timing, scope and extent of required audit procedures Formulation of corrective action plans 直 اكتب هنا ل لبحث TOSHIBA