Day: December 15, 2021

 It provides the assistant carrying out the audit with total and clear set of instructions of the work generally to be done.  It is essential, particularly for major audits, to provide a total perspective of the work to be performed. Read More …

It is desirable that in respect of each audit and more particularly for bigger audits an audit programme should be drawn up. Audit programme is nothing but a list of examination and verification steps to be applied set out in Read More …

The auditor should prepare a written audit programme setting forth the procedures that are needed to implement the audit plan. The programme may also contain the audit objectives for each area and should have sufficient details to serve as a Read More …

The auditor should consider the following matters in developing his overall plan for the expected scope and conduct of the audit :  The terms of his engagement and any statutory responsibilities.  The nature and timing of reports or other communication. Read More …

It is one of the important principles in developing an overall audit plan. Infact without adequate knowledge of client’s business, a proper audit is not possible. AAS-20 on “Knowledge of the Business” deals in detail about the significance of such Read More …

As per Auditing and Assurance Standard 1, “Basic Principles Governing an Audit”, Audit Planning is one of the basic principles. Accordingly, it states : “The auditor should plan his work to enable him to conduct an effective audit in an Read More …