- 15 Marks
AA – Nov 2022 – L2 – Q7 – Audit Planning and Procedures Level: Level 2
This question covers audit planning considerations, benefits of planning, spreading audit work, and final audit procedures.
Question
In order to ensure that an audit is carried out effectively and efficiently, the work needs to be planned, controlled and recorded at each stage of the program.
Required:
a. What matters must be taken into consideration when planning an audit? (3 Marks)
b. What are the benefits of adequate audit planning? (3 Marks)
c. What are the key benefits that would arise from spreading the audit work across interim and final audits? (4 Marks)
d. State FIVE audit procedures that are carried out at the final audit stage. (5 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Audit Control, Audit Planning, Final Audit Stage, Interim Audit, Procedures
- Level: Level 2
- Topic: Audit Procedures, Internal Control System, Planning an Audit
- Series: NOV 2022
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