Examination within a performance audit

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The examination phase starts with approval of the task plan, and continues until the drafting of the final report commences. It thus includes carrying out audit procedures to collect and analyse data, evaluating facts against pre-determined criteria, and drafting and clarifying audit findings. Audit examination work takes place on the basis of the audit planning already undertaken and the task plan thereby developed. The plan should be followed insofar as possible, in terms of the work to be performed, resources, timeframes and quality. However, some parts of the audit may need to be reconsidered during the examination phase if the audit team encounters difficulties in gathering evidence. In general, the organisation of the audit should also satisfy the requirements of good project management. It is critical that audit team considers from different perspectives the activity being audited and keep an unbiased attitude to information presented while being open-minded to different views and arguments. The exercise of sound professional judgement is particularly required in assessing whether the quantity and quality of evidence will enable sound conclusions to be drawn regarding the audit questions, and in determining the significance of audit findings.

Last Modified: 14/03/2022 12:10 Tags:

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Examination within a performance audit

Examination within a performance audit