Demonstrate a thorough understanding ofthe reporting requirements of auditing standards relating to auditors’reports. 2. Explainhowtheauditplanningprocessdirectstheauditortoobtainadequate evidencetosupport auditfindings and addressthe importance ofmateriality in an audit. 3. Explaintheprocessofauditplanningtodetermineriskassessmentsandanoverallaudit strategy. 4. Explain the auditors’ obligations with regardsto understanding the client’s business and internal controls and assessing businessrisks. 5. Achieve a high level of competence in applying prescribed auditing techniques in gathering evidence to satisfy audit assertions