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AUDIT PLANNING lap ke hoach kiem toan - Coggle Diagram
AUDIT PLANNING
lap ke hoach kiem toan
Objective
ensure appropriate attention is devoted to important areas of the audit
ensure potential problems is identifed and resolved on a timely basis
ensure the audit work is designed and completed expedituosly
ensure appropriate audit staffs to be selected and for suitable work
facilitate the direction, supervision, review of audit work perfomed
co - ordinate work done by experts and other auditors
NEW WORDS
Areas: phan hanh
expeditiously: mot cach khan truong, nhanh chong, hieu qua
facilitate: tao dieu kien
preliminary : so bo
coverage: pham vi
Factors affect
size of the entity
complexity of the audit
Auditor' s experience with the entity and their knowledge of the bussiness
commercial enviroment
method of processing transaction
reporting requirement
2 KEY PLANNING DOCUMENTS
Audit strategy
characteristics of the engagement
Financial reporting framework
Industry-specific reporting requirement
Expected audit coverage
Nature of Business segment
Availability of internal audit work
Use service organizations
Effect of IT on audit procedures
availibility of client personel and data
reporting objective, timing of audt and nature of communication
Entity's timetable for reporting
Organisation of meeting with management and those charged with governance
Discussion with management and TCOG
Expected communication with third parties
significant factors, preliminary engagement activities and knowledge gained on other engagement
Determination of materiality
Areas is identified s having higher risk of material misstatement
Results of previous audits
need to maintain professional scepticism
Evidence of management 's commitment to design, implementation and maintain internal control
Volume of transactions
Significant business development
significant industry developments
significant changes in financial reporting framework
other significant recent developments
Nature, timing and extent of resource
selection of engagement team
assignment of work to team members
Engagement budgeting
Audit Plan
= more details of audit strategy
assess risk
audit procedures
time to do audit procedures
who do audit procedures