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

Ask an Expert

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

Write your message here..

Related Questions

Key audit areas - building society, Key Audit Areas - Building Society ... Key Audit Areas - Building Society 1. The auditor must examine the process for checking deeds on receipt from the lawyers to ensure such they are complete in accordance along

THREATS TO INDEPENDENCE, WHAT ARE THE MAJOR PROBLEMS INVOLVED IN THE USE OF... WHAT ARE THE MAJOR PROBLEMS INVOLVED IN THE USE OF A PERSONAL COMPUTER BASED PC SYSTEM BY A SMALL COMPANY

Auditor, auditor is a watch dog not a blood hound auditor is a watch dog not a blood hound

Reserves - audit process, Reserves - Audit Process Movements in reserv... Reserves - Audit Process Movements in reserves need disclosure in the balance sheet, the loss and profit account, the director's reports or in the notices to the accounts. The

Stock verification and stock verefier, what are the qualities of stock veri... what are the qualities of stock verifier

Intangible asserts, Suppose soyola cooking oil company takes over ZamGold c... Suppose soyola cooking oil company takes over ZamGold cooking oil for an amount in excess of the value $500,000. A) What intangible assert will Soya create in its books which the a

Business risk approach, Business Risk Approach This approach requires t... Business Risk Approach This approach requires the auditor to determine what are the very important business risks which the client faces. This line of approach both helps the c

Disclosures about inventories - ias 2, Disclosures about Inventories - IAS ... Disclosures about Inventories - IAS 2 IAS 2 specifies disclosures about inventories. In a large manufacturing company, no article in the balance sheet appears verification

Ias 36 impairment of assets, IAS 36 Impairment of Assets It is very ne... IAS 36 Impairment of Assets It is very necessary for the auditor to determine the client's method for determining and accounting for impairments.  Corresponding IAS 36, 'impai

# EDP auditing, how EDP audit is carried out how EDP audit is carried out