Planning a performance audit

Planning a performance audit

Planning a performance audit

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The work in the planning phase develops and expands upon information contained in the audit proposal. The main objective is to determine whether the audit is realistic, realisable and likely to be useful. This phase may lead to the preparation of the task plan or a reassessment of whether to carry out the audit as planned in the annual work programme. The extent of the work necessary depends on the audit team's existing knowledge of the audit area, but must be such as to enable the preparation of the task plan. If the audit area and possible audit questions are well known, or the audit subject derives from existing financial or compliance audits, preliminary work may be unnecessary. Detailed audit testing work should not be carried out at this stage; rather, the emphasis is on considering the availability of information and the feasibility of methods.
Last Modified: 24/05/2023 12:01   Tags: