1.Understand the entity and its enviroment

  1)Planning

  (1)Assess management risk and control enviroment

  (2)Establish terms of engagement

  (3)Understand the entity and its enviroment

  (4)Understand the accounting process

  (5)Perform Priliminary analytical procedures

  (6)Determin planning materiality

  (7)Summary of risk assessment and audit plan

  (8)Supervision and review questionnaire

2.Report to management

 1)Reporting

  (1)Client service and communication

    a. Management Letter

    b. Persentation of insights

    c. Management response

    d. Collection of insights

  (2)Financial Statements

  (3)Audit summary

  (4)Other reporting

  (5)Additional reposts and letters issuance

3.Manage the engagement

 1) Audit management

  (1)Audit resource and timetable

4.Perform anlysis

 1) Controls

  (1)Business cycle controls

  (2)General computer controls

 2) Substantive testing