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contents of audit program are as,
1. a review of system of internal check.
2. audit of balance sheet.
3. audit of p&l a/c.
4. the details of various audit works to be performed and their classification.
5. preparation of audit report and co-ordination of all above mentioned items.
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∙ 12y ago
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Differences between audit plan and audit program?
difference between audit program audit & note book
How do you write-design an audit test that will form part of an audit program for a certain control for stolen material?
with a pencil?
How did audits work before the Single Audit Act?
Before the SAA, federal agencies had the authority to require an audit of each federally funded program or activity. Thus, audit overlaps and organizational inefficiencies existed as there was no coordination among the federal agencies.
3 general types of quality audits?
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
What is the difference between pre audit and post audit?
pre-audit is auditor doing audit when the activity/program/project/entity still in progress to ensure all the procedure to be compliance. post audit is auditor doing audit when activity/program/entity/project to be released to ensure all goal to be accomplished.
Differences between audit plan and audit program?
difference between audit program audit & note book
Difference between audit plan and audit program?
an audit program may contain several audit plans
What is the Audit Work Program?
The Audit Work Program is used to inform both the government and the public about audits. In Australia, for example, they have the Australian National Audit Office.
Define audit programe and also discuss its advantages and disadvantages and alo contents of audit programme?
it is prepared by auditor for taking action to complete their assignment in well manner.
How do you write-design an audit test that will form part of an audit program for a certain control for stolen material?
with a pencil?
What is a core certification program?
A company has a third party audit, by NBCSA this shows proof of a loss control program is in place.
What has the author Bureau of Financial Audit written?
Bureau of Financial Audit has written: 'An Analysis of Fund Balaces in the New York City Head Start Program'
What is a baseline audit in health and safety?
A baseline audit in health and safety is an audit of all or part of a health and safety program, the results of which will be used as a point of comparison (a baseline) when a future audit is performed. With a baseline audit in the record, it is possible after future audits to tell whether there have been improvements or declines in health and safety performance.
Audit program for creditors?
Step involved to determine the compliance to procedures and internal controls
What is an audit program?
AUDIT PROGRAM COMPONENTSI. Audit Objective Development of the Audit Objectivea) Departmental objectives: Why was the department created?b) Control requirements: What controls are in place in the department to ensure its objectives are met?c) Audit Objective: Why are we auditing this department? Should be a combination of departmental objectives and control requirements.To ensure….To determine…II. Audit ScopeWhat is the Audit Scopea) Establishes parameters or boundaries for the audit b) Identifies:· Area to be audited (department or function)· Timeframe· Sample size (volume or dollars)III. Audit Program StepsGuidelines for Preparing Audit Programsa) Review audit program, if any, from prior audit. Determine what was covered, how it was covered, in what depth and with what results. b) Perform a preliminary survey to determine objectives of the operations, existing systems of internal control and apparent risks.c) Review internal audit literature which addresses the operation to be reviewed and may provide guidance to conducting the audit.d) The objectives of the operation under review should be carefully stated and agreed to by the client.e) Programs should be tailor-made to the audit assignment unless compelling reasons dictate otherwise.f) Work steps should include positive and clear instructions. They should not be stated in the form of questions.g) If possible, the audit program should indicate the relative priority of the work steps. Thus, the more important parts of the program will be completed in the allotted time.h) Audit programs should be flexible and permit the use of initiative and sound judgment in deviating from prescribed procedures. Audit supervisors should be informed promptly of major deviations.i) Programs should not be cluttered with material from sources readily available to the staff. Incorporate by reference, where feasible.j) Unnecessary information should be avoided. Include only what is needed to perform the audit work. Excessive detail wastes the time of those who prepare and read the programs.k) Audit programs should bear evidence of supervisory approval before they are carried out. Significant changes should also be approved in advance.
Where can one purchase audit program?
You can hire a company to do an audit of your company such as the caclubindia website. Alternatively you could use the Deloitte company website or the Ernst & Young company website.
What is auditing program?
AUDIT PROGRAM COMPONENTSI. Audit Objective Development of the Audit Objectivea) Departmental objectives: Why was the department created?b) Control requirements: What controls are in place in the department to ensure its objectives are met?c) Audit Objective: Why are we auditing this department? Should be a combination of departmental objectives and control requirements.To ensure….To determine…II. Audit ScopeWhat is the Audit Scopea) Establishes parameters or boundaries for the audit b) Identifies:· Area to be audited (department or function)· Timeframe· Sample size (volume or dollars)III. Audit Program StepsGuidelines for Preparing Audit Programsa) Review audit program, if any, from prior audit. Determine what was covered, how it was covered, in what depth and with what results. b) Perform a preliminary survey to determine objectives of the operations, existing systems of internal control and apparent risks.c) Review internal audit literature which addresses the operation to be reviewed and may provide guidance to conducting the audit.d) The objectives of the operation under review should be carefully stated and agreed to by the client.e) Programs should be tailor-made to the audit assignment unless compelling reasons dictate otherwise.f) Work steps should include positive and clear instructions. They should not be stated in the form of questions.g) If possible, the audit program should indicate the relative priority of the work steps. Thus, the more important parts of the program will be completed in the allotted time.h) Audit programs should be flexible and permit the use of initiative and sound judgment in deviating from prescribed procedures. Audit supervisors should be informed promptly of major deviations.i) Programs should not be cluttered with material from sources readily available to the staff. Incorporate by reference, where feasible.j) Unnecessary information should be avoided. Include only what is needed to perform the audit work. Excessive detail wastes the time of those who prepare and read the programs.k) Audit programs should bear evidence of supervisory approval before they are carried out. Significant changes should also be approved in advance.
