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

Audit Programme is prepared before the actual auditing procedure starts. it is essential for Auditors. There are numerous things that need to be considered while making an audit programme.

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

5. TYPES OF AUDIT PROGRAM ANUSHKA KEDIA 144/2 2C

6. 1. STANDARD AUDIT PROGRAM

7. 2. MODIFIED AUDIT PROGRAM

8. 3. TAILOR MADE AUDIT PROGRAM

9. 4. AUDIT PROGRAM WITH CHECK LIST

10. ITEMS 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. FUNCTIONS Links planning and execution Provides framework for supervision and accountability Helps transfer expertise to junior staff Facilitates administrative control

12. Advantages of Audit Programme

13. Disadvantages Of Audit Programme