audit procedures and principal audit procedures

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Kim Smith.

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November 11, 2018 at 11:38 am #484473
foeldh123
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Hi,
May i ask what is the difference between both terms ?
i see that questions ask those 2 terms interchangeably but i do not grasp what is the differences between those two
Thanks.
November 12, 2018 at 9:10 am #484563
Kim Smith
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“principal audit procedures” is not a defined term – the examiner is simply adding emphasis that you are expected to give only the main/most relevant/important audit procedures and not, for example, a textbook list of generic procedures for an audit area.
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