Page 84 - DCOM204_AUDITING_THEORY

Auditing Theory Pooja, Lovely Professional University

Notes Unit 5: Audit Planning

CONTENTS

Objectives
Introduction

5.1 Purpose and Methodology of Audit Planning
5.2 Accept Client and Perform Initial Audit Planning

5.3 Client Acceptance and Continuance
5.4 New Client

5.5 Continuing Clients

5.6 Obtaining an Understanding with the Client
5.7 Develop Overall Audit Strategy

5.8 Select Staff for Engagement
5.9 Evaluate Need for Outside Experts

5.10 Understand the Client’s Business and Industry
5.11 Assess Client Business Risk

5.12 Perform Preliminary Analytical Procedures

5.13 Additional Parts of Audit Planning
5.14 Audit Programming

5.15 Quality Control for Audit
5.16 Summary

5.17 Keywords
5.18 Review Questions

5.19 Further Readings

Objectives

After studying this unit, you will be able to:

Define audit planning;
Describe the purpose and methodology of audit planning;
Know factors affecting audit planning;
Find about audit programming;
Discuss quality control for audit.

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