26 Jul Assignment 2: Stages of the Audit ProcessEach stage of an auditâ€

Assignment 2: Stages of the Audit ProcessEach stage of an audit—planning, fieldwork, and wrap-up—provides an essential element of the engagement. Research the audit process using your textbook and the Argosy University online library resources. Write a 4-5 page paper on the stages and elements of the audit process. Include the following in your paper:* Outline the stages of the audit process.* For each stage, list the elements of the audit process and the pivotal parts of each stage.* Briefly explain the importance of each pivotal part in relation to the entire audit process.Write a 4– to 5-page paper in Word format. Apply APA standards for writing style to your work and include at least three scholarly resources in your paper. Use the following file naming convention: LastnameFirstInitial_M4_A2.doc.By the due date assigned, deliver your assignment to the Submissions Area.Assignment 2 Grading Criteria Maximum PointsOutline demonstrates understanding of the audit process as a sequence of stages with specific elements. 50Selection of pivotal parts demonstrates understanding of elements of the audit process. 15Contribution of each pivotal part to the entire audit process is correctly identified and explained. 15Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. 20Total: 100