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IMPORTANT ELEMENTS OF THE AUDIT PROCESS


            Risk Assessment Procedures and Related

            Activities (Continued…)





            Procedures include the following:






                                                             Client
                                                          Acceptance            Previous
                                                              and              experience
                                                          continuance          with client
                                                          procedures



                                              Discussion                                Inquiries of
                                                among               Observation        management
                                              the audit                                 and others
                                                 team






                                                                                             Previous
                                                Analytical                                  experience
                                                                       Inspection
                                                procedures                                  with client







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                                                                  CharterQuest
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