Preliminary Engagement activity include: Planning activities involves: Obtaining the Knowledge of business through identifying and assessing the risks of material misstatement through understanding the Entity and its Environment and internal controls. Determine the overall audit strategy. Determine the nature timing and extent to complete the audit. Updation of overall audit Strategy and audit plan as necessary during the course of audit. Solution Preliminary Engagement activity include: Planning activities involves: Obtaining the Knowledge of business through identifying and assessing the risks of material misstatement through understanding the Entity and its Environment and internal controls. Determine the overall audit strategy. Determine the nature timing and extent to complete the audit. Updation of overall audit Strategy and audit plan as necessary during the course of audit..

1. Preliminary Engagement activity include:
Planning activities involves:
Obtaining the Knowledge of business through identifying and assessing the risks of material
misstatement through understanding the Entity and its Environment and internal controls.
Determine the overall audit strategy.
Determine the nature timing and extent to complete the audit.
Updation of overall audit Strategy and audit plan as necessary during the course of audit.
Solution
Preliminary Engagement activity include:
Planning activities involves:
Obtaining the Knowledge of business through identifying and assessing the risks of material
misstatement through understanding the Entity and its Environment and internal controls.
Determine the overall audit strategy.
Determine the nature timing and extent to complete the audit.
Updation of overall audit Strategy and audit plan as necessary during the course of audit.