... fraud, and the results;• Key elements of the understanding of the entity obtained, including:– Each of the aspects of the entity and its environment outlined above,– Each of the ve internal ... Suraj) is in charge of the nance function and information technology (IT), and has two sta in his group. Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized ... of the audit, in the order they would normally be performed, are outlined in the following exhibit.Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized...