In my last article, I presented an overview of one of the first steps in the preplanning phase of an audit engagement: reviewing prior year audit documentation. In a future article, I'll dig deeper into questions that should be asked when making this review. Meanwhile, following is a table that provides a chronological approach to pre-engagement planning for audits of special purpose and other reporting frameworks. Future articles will discuss the details of each step.
For an overview of the entire small audit engagement process, you can register for a free, one-hour webcast with CPE credit that will be presented on March 21, 2014. You can also register for 12, two-hour webcasts in my Small Audit Series by clicking on the applicable box on the left side of my home page.