DESIGNING THE AUDIT PROGRAMME
The APB Statement of Auditing Standard 200 on Planning requires auditors to
develop and document the nature, timing and extent of planned audit
procedures required to implement the overall audit plan.
In developing the detailed audit procedures to be performed, auditors consider
the assessments of risks of error and the amount of audit evidence that the
procedures are planned to provide. They also consider the co-ordination of
audit work with any work on preparing the financial statements, the timing of
tests of controls and substantive procedures, and the co-ordination of any
assistance expected from the entity, the composition of the audit team and the
involvement of other auditors or experts (Chitty, 2004).
The documentation may take the form of an audit programme which:
(a) Sets out the audit procedures the auditors intend to adopt;
(b) Includes reference to other matters such as the audit objectives, timing,
sample;
(c) Determine the size and basis of selection for each area;
(d) Serves as a set of instructions to the audit team; and
(e) Serves as a means to control and record the proper execution of the
work.
The level of detail in the audit programme depends on the complexity of the
audit, the extent of other documentation and experience of the members of the
audit team.
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