- This topic has 1 reply, 2 voices, and was last updated 8 years ago by
.
- Posts
Hi Sir,
Specific audit procedures would include:
Assessment of current and projected economic environment in which company operates.
Assessment of state of industry sector in which company operates
Review of correspondence files and board minutes for evidence of significant disputes.I am wondering when specific audit procedures be carried out and what for. Is it a must-do step in auditing?
Thanks
The expression “specific audit procedures” within the question is simply asking you to be … specific
That is, when answering the question, detail the precise steps that you would expect to be carried out rather than talk in generalisations
“I am wondering when specific audit procedures be carried out and what for. Is it a must-do step in auditing?”
From this part of your post I gather that you have very little (none?) practical auditing experience
“Specific audit procedures” are those procedures that have been designed at the planning stage of the audit and act as the route to be followed by the various members of the audit team when carrying out the engagement
OK?
- The topic ‘Specific audit procedures’ is closed to new replies.