How to use this Workbook M U C
I intend to write this Workbook as Audit Work ProgrammeAudit Note Book. To use this book in an effective manner, I have following tips to recommend: E I
- First be acquaint with relevant background information, Statutory Provisions, RBI guidelines and ICAI Standards on Auditing. - For the sake of convenience and to move in a systematic manner, entire branch audit work has been segregated into five stages. For each stage, ready to use formats, to save auditor’s time and creating audit documentation simultaneously, have been suggested Use these formats effectively. - Keep the Checklist of tentative audit requirements (given in Chapter 5) handy and have continuous rigorous follow up with the branch management and controllers to collect the information. - Document the communication made with the branch management and controllers. While communicating the branch, mark a copy to the controllers also. - Keep tab on audit progress and time budget. - Note down the audit observations in the workbook itself and attach additional sheets, if needed.
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