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Hi,
while doing requirement B (additional information required to plan the audit of the disposal of Primal Burgers), is the additional information the same the audit procedures?Thanks
In short – NO – additional information means just that – information. I don’t have questions to hand – but let’s say you’re at the planning stage and you have some draft financial accounts and one of the things that you can see is a deterioration in gross profit margin. In order to plan what detailed audit procedures you might plan to perform on revenue, you might expect to be able to obtain a breakdown of revenue between departments/branches/shops/products (whatever is most relevant to the scenario).
In a general sense you could say that anything that the auditor does is an “audit/auditor procedure” – e.g. risk assessment procedures, substantive procedures (analytical and tests of details), tests of controls, review/completion procedures, etc, etc.
Does that help?
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