Skip to main content

ACCAPEDIA

 
 
Kaplan Wiki > ACCAPEDIA > Wiki Pages > Audit Planning

Audit Planning


 
FavoriteFavorite
Click on the link to subscribe to the page and add it to My Subscriptions view.
Subscribe to e-mail alert notifying.
View feeds on this page.
|
DiscussionsDiscussions
|
Print
|
Export to Word
Export to PDF
 
History
|
Incoming Links
Contents [Hide]

Audit Planning

Auditing is regulated more now than ever before. Due to high profile fraud cases, such as Enron, auditors are constantly in the spotlight. The consequences of performing a poor or, even worse, a negligent audit could be severe in terms of both damage to reputation and possible litigation. It is therefore vital that auditors have an appropriate system of quality control to ensure that they perform their engagements effectively.

One of the elements of a good quality control in an audit is planning. The main elements the planning process include devising and audit strategy and an audit plan, the aims of which are to reduce audit risk.

In addition auditors must consider their responsibilities with regard to fraud and laws and regulations.

Created at 10/4/2012 2:48 PM  by System Account  (GMT) Greenwich Mean Time : Dublin, Edinburgh, Lisbon, London
Last modified at 11/1/2016 4:01 PM  by System Account  (GMT) Greenwich Mean Time : Dublin, Edinburgh, Lisbon, London

Rating :

Ratings & Comments  (Click the stars to rate the page)

Tags:

Recent Discussions

There are no items to show in this view.
ACCAPEDIA - Audit Planning