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What is the purpose of engagement planning?

What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit?

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An engagement plan serves as the foundation for the actual audit. The engagement plan describes the ability of the auditor to perform the audit and it also discusses the expectations of the client. By using an engagement plan, both the auditor and client acknowledge that they understand the terms and conditions of the audit ...

Solution Summary

This solution discusses the purpose of engagement planning, the critical information that the auditor should consider during the engagement planning process, and how the information will affect the scope of the audit.

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