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Audit Program - Coggle Diagram

- - - - Another element of interest is that during the performance of their work, auditors encounter new advanced technologies in the entities on a daily basis, which is why they require the systematic incorporation of tools with the same technical requirements, as well as increasingly in-depth knowledge. of the most widespread computer techniques in management control.
- - - - In the process of obtaining evidence to which the auditor is subjected, both the careful analysis of internal control and the subsequent execution of compliance and substantive tests lead to the formation of professional judgment, since we understand that the auditor's opinion -although with a more limited scope - it is also on the entity's internal control system.
        
        In an audit of accounts of general scope, a strict sense of economy of scale leads the auditor to schedule and organize the substantive tests in such a way that the same concepts selected by audit for certain specific purposes are also used to satisfy the degree of compliance. of the fiscal standards that the entity has reached.
- - - - The standard clearly introduces the concepts of "taxpayer" and "source" as elements for the application of this principle in Panama. For the purposes of this article "source" can be understood as any person (natural or legal), operation, business or lucrative activity that produces income in favor of the taxpayer.
      - Fundamental Guarantees
        Article 17.- The authorities of the Republic are instituted to protect in their life, honor and property the nationals wherever they may be and the foreigners who are under their jurisdiction; ensure the effectiveness of individual and social rights and duties, and comply with and enforce the Constitution and the Law.
        
        Article 18.- Individuals are only liable before the authorities for infringement of the Constitution or the Law. Public servants are liable for the same reasons and also for excess of functions or omission in the exercise of these.
        
        Article 19.- There will be no privileges or personal privileges or discrimination based on race, birth, social class, sex, religion or political ideas.
        
        Article 20.- Panamanians and foreigners are equal before the Law; but this may, for reasons of work, health, morality, public security and national economy, subordinate to special conditions or deny the exercise of certain activities to foreigners in general. : :
        
        Article 21.- No one may be deprived of their liberty, except by virtue of a written order from a competent authority, issued in accordance with the legal formalities and for a reason previously defined in the Law.
        
        Article 22.- Every detained person must be informed immediately and in a way that is understandable, of the reasons for their detention and of their corresponding constitutional and legal rights.
- - - - The audit must be carried out by personnel who have technical training and expertise as an auditor, as shown in this standard, not only is it enough to be a Public Accountant to perform the function of auditor, but it is also required to have adequate technical training and expertise as an auditor.