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What does brainstorming mean with respect to external auditors?

What does brainstorming mean with respect to external auditors?

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Answer #1

Brainstorming is a group talk intended to urge auditors to creatively assess client risks, especially those relevant to fraud.

Brainstorming normally happens during the planning phase of the audit process. This is the stretch wherein the audit engagement team discusses the shifted potential risks relating to clients. Despite the fact that brainstorming can likewise happen during the conduct of the audit process too, if circumstances warrant so. On the off chance that if fresh evidences surface or there are material modifications to the existing terms on which the planning was based.

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