Robust Audit Planning – Going Beyond Form/Checklist Filling (Part 1)

Rachel was a young and self-motivated audit assistant who joined a 15-headcount small and medium-sized practice (SMP) three months ago. She completed two audit engagements under the guidance of an audit senior, which gave her a great sense of accomplishment. In that three-month period, Rachel had also completed the ISCA Practical Audit Workshop (PAW) which gave her morale another boost. She was grateful to her audit partner for the training opportunity and looked forward to applying her newly-acquired knowledge on the next audit engagement. To her delight, her audit manager assigned to her an audit engagement which was, in the words of the manager, “more challenging than her past two engagements”. She felt valued and told herself that she would give it her best shot. 
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