Search results
Effective planning will focus the auditor’s attention on key areas of the audit and ensure that sufficient resources are allocated to the engagement. Planning should result in an audit that is well directed and supervised and ultimately good planning will reduce audit risk.
An audit plan represents a blueprint for conducting an audit. It addresses why, when, how, where, and by whom questions associated with audit performance. A good audit design identifies all the risks involved in the operations and employs specific audit procedures to minimize them.
1 wrz 2017 · Fortunately, the hard work of proper planning may not only enable more efficient audit execution, but it also provides auditors with important risk management techniques. Complying with all applicable professional standards when delivering services helps reduce professional liability risk.
6 cze 2024 · To help auditors gain a clearer understanding of audit planning, this article takes a closer look at what is typically included in an audit plan, how it differs from an audit strategy, how to develop an audit plan, and more.
This article teaches you how to develop your audit plan and strategy. Once you complete your risk assessment, it’s time to build these critical pieces of your audit engagement. Effectiveness and efficiently are both possible with a good audit plan. Below I explain how to do this.
.02 Planning an audit involves establishing the overall audit strategy for the engagement and developing an audit plan. Adequate planning benefits the audit of financial statements in several ways, including the following: .03 This section is effective for audits of financial statements for periods ending on or after December 15, 2012.
15 lis 2021 · Audit planning helps you approach the audit process. You may be transitioning from paper-based, spreadsheet-led auditing processes to a more integrated, risk-driven approach. You may already use technology solutions to support your audits.
