Question: what are the steps for auditing?
Answer: Step 1: Define Audit Objectives. ... 
Step 2: Audit Announcement. ... 
Step 3: Audit Entrance Meeting. ... 
Step 4: Fieldwork. ... 
Risk Issue Levels: During the course of audit work performed, identified risks are rated as High, Moderate or Low. ... 
Step 5: Reviewing and Communicating Results. ... 
Step 6: Audit Exit Meeting. ... 
Step 7: Audit Report.