Audit procedure
An audit procedure is an action designed and performed to obtain audit evidence. It may address risk assessment, controls or substantive testing; an effective procedure specifies what is done, which item or population is examined and the assertion or risk addressed.
Worked example
Inspect subsequent supplier invoices and bank payments for unrecorded year-end liabilities.
Common mistake
Merely saying “check payables” does not explain a procedure, evidence source or audit objective.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |