List the matters an auditor should consider when developing an audit plan Solution MATTERS TO BE CONSIDERED WHILE AN AUDIT 1.The terms of engagement and any statutory responsibilities. 2.Nature and timing of reports or other communication. 3.Effect of new accounting or audit pronouncements on the audit. 4.Identification of significant audit areas. 5.Nature timing and extent of audit evidence. 6.Applicable of legal & statutory requirements. 7.Involement of other auditors. 8.Involvement of experts. 9.Allocation of work between joint auditors. 10.Reliance to be placed on accounting systems & internal controls. .