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16th April 2023 12:49 PM
Unregistered
Re: What precautions are needed during Audit Program by Auditor?
Describe the steps to be taken by an auditor before commencement of new audit of new business
21st September 2020 09:57 PM
Unregistered
Re: What precautions are needed during Audit Program by Auditor?
Define internal control and give its objects
21st September 2019 09:40 PM
Unregistered
Re: What precautions are needed during Audit Program by Auditor?
Points to be noted or precautions to be taken while preparing audit report
12th May 2012 08:28 AM
climber
Re: What precautions are needed during Audit Program by Auditor?
dear friend,

An audit programme consists of a series of verification procedures to be applied to the financial statements and accounts of a given company for the purpose of obtaining sufficient evidence to enable the auditor to express an informed option on statements.
The following precautions may be taken during audit program by auditor:
  • Transactions of the concern should be classified under appropriate heads and may be satisfied if wide variations.
  • Study and evaluation of internal control system should be exercised for its efficiency.
  • Selection of transactions should be made in such manner so that basis cannot enter in the selection.
  • Identification of the area where the check may not be made.
  • The number of transaction to be selected for each test check plan should be predetermined based on degree.
  • Materiality of the error as a result of check must be predetermined and criteria be fixed to judge the same.

All the best...................
29th September 2011 08:58 PM
nitin.kkd
What precautions are needed during Audit Program by Auditor?
Could u please mention to me What precautions are needed during Audit Program by Auditor?

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