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Dear sir, When an auditor audits a public sector is he auditing the statements regarding The 3 es issued by that public sector. (if the public sector claimed to have reached its targets) are we checking if the claim made my them if true and fair as we do with the FS audit.
sir in addition why do we also have to check the reasonablness of the figures used if it is not reasonable why do we have to decline cant we just take the work and just say it is not true and fair since we are getting paid.For a public sector client and auditor may be doing a FS audit and/or a “performance audit” – if the latter, then yes the audit is an examination of “efficiency and effectiveness, having regard for economy” (i.e. VFM).
The audit objectives concern:
– Data reliability (e.g. accurate and complete);
– Quality of content (e.g. relevant, comparable and verifiable); and
– Compliance with reporting requirements (e.g. timely).There is no “true and fair” – the subject matter is not financial statements.
Generally, a practioner should not take on any assignment if from the outset they do not think they can meet the reporting requirements – this would be a precondition before accepting the assignment.
sir in other assurance audits (social audit , env audit, performance audit) We are not the ones making the report right we are just checking for the Data reliability (e.g. accurate and complete);
– Quality of content (e.g. relevant, comparable and verifiable); and
– Compliance with reporting requirements (e.g. timely). given to us by the management.?
is this true?the measurement metrics are made by the management yes? its not the auditors Job
are social information audits and social audit two different things sir? IN the AAA sylubus which one do we focus?
In all assignments that might be given as scenarios the practioner (“you”) will be evaluating the subject matter that is put before you so you will not be calculating KPIs etc for management (that is what is examined in APM).
It would be social information, environmental information, etc that you would be reporting on (e.g. information included in an integrated report).
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