Audit Programme: Concept, Types, Functions, Advantages & Disadvantages

Introduction
An audit program consists of an appropriate audit
procedure to achieve these audit objectives.
Audit programmes are prepared while planning the
audit. At the planning stage, auditors will need to
prepare audit tests to test the account areas.
Audit Program
The audit programmes set out what the
auditor will test in relation to each audit
assertion
The auditor should set out in the audit
programme:
the objective of the test;
what constitutes an error;
the population to be covered.
Things to consider while establishing
objectives
• Management priorities
• Commercial and other business intentions
• Characteristics of processes, products, and
projects and any changes to them
• Management system requirements
• Legal and contractual requirements and other
requirements to which the organization is
committed
• Need for supplier evaluation
• Needs and expectations of interested parties,
including customers
• Auditee’s level of performance, as reflected in the
occurrence of failures, incidents or customer
complaints
• Risks to the auditee
• Results of previous audits
• Level of maturity of the management system
being audited
• Auditing organization risks
TYPES OF
AUDIT
PROGRAM
ANUSHKA KEDIA
144/2
2C
1. STANDARD
AUDIT PROGRAM
2. MODIFIED AUDIT
PROGRAM
3. TAILOR MADE
AUDIT PROGRAM
4. AUDIT PROGRAM
WITH CHECK LIST
The following items should be included in an audit
programme :
•Name of the client
•Audit commencement of data
•Duration of audit
•Accounting system of the client
•Internal control system
•Previous auditors report
•Links planning and execution
•Provides framework for supervision and
accountability
•Helps transfer expertise to junior staff
•Facilitates administrative control
Advantages of Audit Programme
Supervision and Distribution and Uniformity of
Work
Basic Instrument for Training
Legal Evidence
Fixation of Responsibility
Several Audits may be controlled
Easy Transfer
Final Review
Useful for Future
Disadvantages Of Audit Programme
Disadvanta
ges
Not
Comprehen
sive
Rigidness
No
Initiative
Too
Mechanical
Not
Suitable for
Small
Business
New
Problems
over
Looked
1 von 13

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Audit Programme: Concept, Types, Functions, Advantages & Disadvantages

  • 1. Introduction An audit program consists of an appropriate audit procedure to achieve these audit objectives. Audit programmes are prepared while planning the audit. At the planning stage, auditors will need to prepare audit tests to test the account areas.
  • 2. Audit Program The audit programmes set out what the auditor will test in relation to each audit assertion The auditor should set out in the audit programme: the objective of the test; what constitutes an error; the population to be covered.
  • 3. Things to consider while establishing objectives • Management priorities • Commercial and other business intentions • Characteristics of processes, products, and projects and any changes to them • Management system requirements • Legal and contractual requirements and other requirements to which the organization is committed • Need for supplier evaluation
  • 4. • Needs and expectations of interested parties, including customers • Auditee’s level of performance, as reflected in the occurrence of failures, incidents or customer complaints • Risks to the auditee • Results of previous audits • Level of maturity of the management system being audited • Auditing organization risks
  • 10. The following items should be included in an audit programme : •Name of the client •Audit commencement of data •Duration of audit •Accounting system of the client •Internal control system •Previous auditors report
  • 11. •Links planning and execution •Provides framework for supervision and accountability •Helps transfer expertise to junior staff •Facilitates administrative control
  • 12. Advantages of Audit Programme Supervision and Distribution and Uniformity of Work Basic Instrument for Training Legal Evidence Fixation of Responsibility Several Audits may be controlled Easy Transfer Final Review Useful for Future
  • 13. Disadvantages Of Audit Programme Disadvanta ges Not Comprehen sive Rigidness No Initiative Too Mechanical Not Suitable for Small Business New Problems over Looked