Audit procedures are an important area of the syllabus, though candidates often use inappropriate audit procedures to answer questions. The following tips will help you to understand the concepts and write appropriate audit procedures. Every procedure must state:
the assertion tested
the audit procedure
the reason for the procedure.
While writing audit procedures, avoid the following:
Writing an audit procedure without explaining the reason for the procedure
Stating an assertion word as a reason for performing a procedure
Writing what the internal control system should do rather than stating the audit procedure
Writing vague procedures
Quoting incorrect assertions
Including procedures that cannot be carried out
Including procedures that are incorrect
Writing impractical procedures
Writing irrelevant audit procedures
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