The ascertaining of reporting objectives of engagement helps the auditor to plan timing of different audit procedures and also nature of…
CA Intermediate · Auditing and Ethics · MTP · May 2024
The ascertaining of reporting objectives of engagement helps the auditor to plan timing of different audit procedures and also nature of communications. Give three instances to explain.
Suggested Answer and Working Notes:
The ascertaining of reporting objectives of engagement helps the auditor to plan timing of different audit procedures and also nature of communications. Some of the instances are given under: The entity's timetable for reportingOrganization of meetings to discuss of nature, timing and extent of audit work with managementDiscussion with management regarding the expected type and timing of reports to be issued including the auditor's reportDiscussion with management regarding the expected communications on the status of audit work throughout the engagement.Expected nature and timing of communications among engagement team members, including the nature and timing of team meetings and timing of the review of work performed.
Topics: Audit Strategy, Audit Planning and Audit Programme
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