Read AU-C Section 300 Planning an Audit Source: SAS No. 122. Effective for audits of financial statements for periods ending on or after December 15, 2012.
Write an analysis of the reading. Within the analysis, answer the following questions:
(1) What is the authoritative guidance in the AU-C?
(2) What are the specific auditing issues or concepts being communicated?
(3) What is the relevance of these concepts/issues to audit quality, effectiveness, and efficiency and practice? Any references need to be in APA or Chicago style