Perform an Efficient Review of an Audit Engagement

Below, you'll find nine steps to perform an efficient review of an audit engagement.

1. Review the firm’s planning and the engagement profiles and complete questions in Section I, "General Audit Planning Procedures" of the audit engagement checklist.

2. In Section II, "Audit Areas", given your industry experience, identify three accounts or audit areas of highest importance to the type of engagement. For each of the three accounts or audit areas:

   1. Review the planning and risk assessment for each, consider all of