The auditor shall take into consideration the reporting objectives of the engagement so as to plan timing of different audit procedures and also…
CA Intermediate · Auditing and Ethics · PYQS · May 2025
The auditor shall take into consideration the reporting objectives of the engagement so as to plan timing of different audit procedures and also nature of communications while establishing audit strategy. Give any four instances of reporting objectives. (4 Marks)
Suggested Answer and Working Notes:
The reporting objectives of the engagement to plan the timing of the different audit procedures and also the nature of the communications while establishing audit strategy are: The entity's timetable for reporting.Organisation of meetings to discuss nature, timing and extent of audit work with management.Discussion with management regarding the expected type and timing of reports to be issued including the auditor's report.Discussion 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 of Items of Financial Statements, Audit Strategy, Audit Planning and Audit Programme
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