Week 2 – Focus on the role of the planning stage and evaluation

Week 2

The learning activities this week focus on the role of the planning stage and evaluation of internal controls in performing a financial statement audit.

• Visit the PCAOB website and review the Auditing Standard (AS) 2101: Audit Planning.
• Identify three specific planning activities detailed in AS 2101, and explain how those activities will support the auditor’s evaluation of management’s assessment of internal controls over financial reporting.