T
Talib_Audit
Standardised audit programme, advantages and disadvantages...
Please help....
Please help....
Welcome to The Cove, Talib!Standardised audit procedures, advantages and disadvantages...
Please help....
Thanks for the reply....
My question is specifically on the Audit programme:
An audit programme is a listing of the auditing procedures to be performed. Audit programmes are used for the testing of internal control and for substantive procedures.
Some Auditors use Standardised Audit Planning for Clients and some choose not to. I Know some of the benefits of using one, such as:
It acts as a guide (for eg your shopping list)
It gives general guidance on the conduct of internal external auditors.
However i understand that it is costly and time consuming tom implement such a programme.
You have to bare in mind that every client differs, which would mean to produce a new standardised audit programme for each new client...
I still dont get some of the advantages/disadvantages...