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

Strategic audit, A. Board of Directors Best Buy's Board is elected by th... A. Board of Directors Best Buy's Board is elected by the shareholders to oversee the business and affairs of the company.  The board counsels, advises and oversees management wi

Audit of accounting estimates, Audit of Accounting Estimates An accoun... Audit of Accounting Estimates An accounting estimate is described in ISA 540 Audit of Accounting Estimates as 'an estimation of the amount of an item in the absent of a precis

What is an audit process, In previous times, the Kings used to hear their a... In previous times, the Kings used to hear their accountants narrate the accounts verbally. Though, as the complexity of the accounting function grew, require was felt to thoroughly

Questionable and fraudulent accounting, Assessment tasks: This assign... Assessment tasks: This assignment requires you to revisit the case of the collapse of US energy giant Enron Ltd. Your revisit starts with a reading of the excerpts from memos

Control over fixed assets.., internal control procedures to be put in place... internal control procedures to be put in place when purchasing a motor vehicle

Contingencies and provisions, Contingencies and Provisions (i) Receive... Contingencies and Provisions (i) Receive the client's schedule of provisions and seek and contingencies supporting documentation in the form of legal opinions, correspondence

General phases of control evaluation, General phases of control evaluation ... General phases of control evaluation are: Phase 1: Understand and document • Understand the client's internal control • Document the understanding of internal control o

Please assist me with this internet research, Please assist me with this in... Please assist me with this internet research, Search the internet (e.g. a company's website or sec.gov and find an audit report for a company's audit of internal control over fi

Pinnacle manufacturing Part 1, I have a auditing case study i need to compl... I have a auditing case study i need to complete in chapter 8 of Auditing & Assurance service (fifteenth edition) by Alvin A. Arens, Randal J. Elder and Mark S. Beasley. I don''t kn

Current audit file, Current Audit File The current audit file might inc... Current Audit File The current audit file might include inter alia: a) A copy of the audited financial statements and any report prepared as a result of audit work carried out