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ASSURANCE AND ADVISORY BUSINESS SERVICESCity of Toronto Audit Planning Year Ended December 31, 2007 Report to Audit Committee of City of Toronto CouncilEnChartered Accountants Ernst & Young Tower

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Understand the objectives of the audit.

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What is audit planning 2007?

Audit planning 2007 refers to the process and guidelines established for planning audits effectively within that year, ensuring compliance with relevant regulations and standards.

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Entities that are subject to audit requirements, such as companies and organizations mandated by governing bodies or regulatory frameworks, are required to file audit planning 2007.

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The purpose of audit planning 2007 is to provide a structured approach for auditors to assess risks, allocate resources efficiently, and ensure that the audit is conducted in accordance with professional standards.

What information must be reported on audit planning 2007?

Information that must be reported includes the audit scope, objectives, methodology, timelines, team responsibilities, risk assessments, and any relevant compliance considerations.

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