audit question - am i right?

Question

am i right in the following presumption
An audit is planned so work can be delegated and that time is apportioned on each task and so problems are sought after.

They test the internal controls to see the action and attitudes of management to etermine their integrity.
This is done by understanding the accounting sub system, documenting it, evaluating the internal controls using ICQs and finally do compliance testing - (testing it ourselves).
Depending on how good the controls are, we then carry out substantive procedures to check the substance of the financial statements.

After which we issue an audit report based on our judgement and opinion

Am i correct?

Answer 1

That's how u plan out a financial statement audit

Answer 2

...sounds like you want an answer to a college/uni assessment. Stop being lazy