To conduct any audit set some time limit.That is why it is critical to the organization of the audit.It starts always with planning, which is carried out to determine the correct total amount of work, assess their value and setting deadlines.Planning an audit involves the production of an optimal strategy and tactics.In most cases, it is based on three principles: optimal continuity and completeness.
principle of completeness is expressed in the fact that all stages of the audit from the preliminary to the final part, and procedures should be coordinated and interconnected.
The principle of continuity requires that the audit team gets associated task considering linking the planning stages and deadlines for the adjacent businesses.
principle of optimality includes planning variance, which allows you to choose the best program for the audit.
when to plan the audit, prepared a working paper for the study of the financial activity of the client, a letter of agreement to conduct the audit, an agreement on its holding, the overall plan and program.First of all, the auditor should make a visit to the customer to determine the purpose of testing and refinement of the desired results.During the negotiations the representatives of the audited organization agrees to provide information for the assessment of its economic activity.The person conducting the review will be to develop a document that will form the basis for the assessment of labor costs and their cost.This may be the most common form with a list of questions and tests, which is filled by a person ordering the test.Pre-planning the audit provides a survey to determine the integrity and solvency of the client.
These data help determine if there is need for the involvement of experts and specialists (engineers, lawyers, engineers) for advice on some of the difficult issues that arise in the verification process.Also determined the usefulness of control.Then, the customer is sent a letter, stating that the auditor is willing to do the work.After that, between the two parties is a contract which stipulated and agreed to all the conditions of work and their possible changes.It is important that this document was signed just prior to drawing up a common program and test plan, otherwise unexpected failure of the customer may result in big losses from the auditing company.
an overall plan and program - the most time-consuming step of completing the audit plan.The program depends not only on the volume of forthcoming works, but also the methods, techniques, and analytical procedures for the inspection and control due.Developing such a document, checking the person selects areas that are relevant to the audit, as well as financial and business transactions in the enterprise customer, which are insignificant.This important sections of the financial statements in detail and checked in detail, and allows you to limit insignificant part of the audit sample.
Despite the fact that the planning of the audit provides an advance program, it still may be slightly changed and supplemented in the course of the work.The reason is that in the course of audit procedures may be unexpected results.In such a case, you should document the reasons for the changes.
