Measures taken by the individual auditor, Auditing

Measures To Be Taken By the Individual Auditor

  • Proper recruitment and training of all staff;
  • Allocating staff to particular audits where they have the appropriate skills;
  • Planning the jobs well in advance so that it can be approached in a relaxed but disciplined manner and any timing problems can be accommodated;
  • Use of audit manuals that conform to audit standards and guidelines;
  • Use of up-to-date letters of engagements;
  • Quality control measures that ensure review at every stage of the audit;
  • Good briefing of auditing staff so that they can recognise put upon enquiry situation;
  • Emphasising on materiality and use of adequate sample sizes.

 

Posted Date: 12/3/2012 5:55:12 AM | Location : United States







Related Discussions:- Measures taken by the individual auditor, Assignment Help, Ask Question on Measures taken by the individual auditor, Get Answer, Expert's Help, Measures taken by the individual auditor Discussions

Write discussion on Measures taken by the individual auditor
Your posts are moderated
Related Questions

As a senior in a professional services firm, you have been assigned to plan the financial statement audit of a private company named Toy Local Corporation (TLC). In addition, the p

1. On 5 August 2012, the financial controller informed you that the board has recently received a letter from the assistant general manager, Mr. Tan. The letter contains a confessi

Fairness -  Auditing The word fair can have the following meanings:  on the other hand clear, plain and distinct and on the one impartial, equitable and simple.  When fair is

Summary of IAS 2 Inventories are measured at the lower of cost and net realizable value. Entire realizable price is the calculated selling price in the regular course of busin


An auditor is conducting an audit of the financial statements of a wholesale cosmetics distributor with an inventory consisting of thousands of individual items. The distributor ke

#quInternal Audit checklist for fixed assetsestion..

Assertions about account Assertions about account balances at the duration end: a) Existence -assets, equity and liabilities interests exist. b) Obligations and Ri

Judgmental Sampling The Judgement sampling is where, auditor using his own experience and awareness of the client's business and situations selects the sample to be tested with