Beruflich Dokumente
Kultur Dokumente
GENERAL INSTRUCTIONS
This audit programme provides various questions and considerations in accordance with the requirements of ISA 540. It is not intended to provide detailed guidance on the requirements of ISA 540, but rather to serve as a completeness checklist to ensure all the requirements of ISA 540 have been addressed. The audit programme is a supplement to the actual work performed on the audit engagement. The Engagement Partner should apply professional judgement in determining whether this programme should be used, including whether any modifications to the programme are necessary, taking into account the entitys policies and procedures . For further guidance, refer to the literature mentioned at the start of this document. In addition, also refer to the requirements of the relevant financial reporting framework for the engagement.
Obtain an understanding of the financial reporting framework relevant to accounting estimates, / fair values including Design and Implementation of relevant controls. Classify risks as normal or significant. Design and implementation of a relevant control MUST be performed for all significant risks.
Develop a response to each risk of material misstatement. This may include operating effectiveness of relevant controls and/or substantive procedures. Responses to Risks Perform the required procedures to address significant risks as required by ISA 540. (Separate section in this checklist)
of Material Misstatement
Evaluate whether the accounting estimate / fair value is appropriate based on the audit evidence obtained. Consider whether we obtained sufficient and appropriate audit evidence to support our conclusions. Consider whether any indicators of bias or fraud exist in relation the estimates / fair values.