The scope of the contents of the audit program covers all the routine checking and vouching. The audit program contains the name of client the auditor can write the name of business there is need of complete address of the concern in case of public limited company.
It contains the objectives of the business enterprise. There are various objects of nay business unit a small business have few objects while large companies have many objects. It contains the time limit of stating and completing audit work the duration of audit period may be one month. It contains the date of stat of an audit the auditor can consult the client before fixing the audit date it must be convent to the management.
It shows the details of audit work date wise. Accounting system:. It contains the information about accounting system. Internal check :.
The audit program contains the notes about the effectiveness of internal check system. The effective internal check is helpful for auditor. He can apply test checking due to proper internal check system if the system is not good it increases the duties of audit staff. Old Reports :. It keeps the contents of old audit report. Test your vocabulary with our question quiz! A daily challenge for crossword fanatics. Love words? Need even more definitions?
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It is a set of instructions, which audit staff pursues, for proper execution of audit. Once the audit plan is formulated, an audit programme, comprising of various steps, is developed. It is nothing but a comprehensive plan for implementing audit procedures, in specific conditions, with directions for selecting the appropriate method for attaining audit objectives.
It is primarily based on the size of the entity and similar other factors. The audit programme determines what and how much evidence or facts are to be obtained and analyzed. Further, it chalks out responsibilities for the audit staff, to conduct the audit. The audit programme should be flexible enough to be revised, as per the prevailing conditions.
The difference between audit plan and audit programme can be drawn clearly on the following grounds:. Audit evidence, play a crucial role in auditing, as they provide the reasons, to believe that whether a particular thing is true or not. Moreover, they keep audit cost at the reasonable level and also keeps a check on the activities of the business, if implemented in an effective way.
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