QUALITY PLANNING FOR AN AUDIT OF FINANCIAL STATEMENTS
Date
2020-05-01
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Publisher
KASNEB
Abstract
Effective audit planning will focus the auditor’s attention on key areas of the audit and ensure that sufficient resources are allocated to the engagement. Planning should result in an audit that is well directed and supervised and ultimately good planning will reduce
audit risk. This article summarises the main requirements and guidance contained in ISA 300, Planning an Audit of Financial Statements
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Keywords
Audit, Financial statements