Role of the planning stage and evaluation of internal controls in performing a financial statement audit.

The learning activities this week focus on the role of the planning stage and evaluation of internal controls in performing a financial statement audit.Visit the PCAOB website and review the Auditing Standard (AS) 2101: Audit Planning(https://pcaobus.org/Standards/Auditing/Pages/AS2101.aspx)

Identify three specific planning activities detailed in AS 2101, and explain how those activities will support the auditor’s evaluation of management’s assessment of internal controls over financial reporting.