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How to do an audit planning for a new client at an audit firm?

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Question ajoutée par Amr Mulla , Senior Finance Manager , ACWA POWER/NOMAC
Date de publication: 2015/12/22
YOUSAF HANIF
par YOUSAF HANIF , Accountant , BM Group

Through know your customer form/ Procedure.

Mobeen Abdul Rehman
par Mobeen Abdul Rehman , Admin & Sales Coordinator , Yusuf Bin Ahmed Kanoo

Planning an audit requires that the planning stage of the audit should be used to establish an overall strategy, develop an audit plan, and reduce audit risk to an acceptably low level. The standard also requires that: Auditors should plan the audit work so that the engagement is performed in an effective manner.

Muhammad Saad Aslam
par Muhammad Saad Aslam , Assistant Manager Finance , Raheed Fashion Group

1. Audit Risk analysis.

2. Know your client procedures.

3. Analytical procedures.

4. Clearance from previous auditor(If permitted by client)

 

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