• The Audit Code sets out the general principles of the audit approach to be followed by auditors. The actual approach taken will d e pend on the type of audit being carried out e.g. opinion, regular ity, probity, performance etc. Wherever possible an integrated approach will be adopted e.g. in testing transactions, say, purchase of stores, auditors should consider the following aspects in one sample test: General Audit Methods • (i) Is there a procurement plan and adequate purchasing procedures? • (ii) Have tender procedures been followed where needed? • (iii) Has the purchase been sanctioned and authorised? • (iv) Is there evidence of receipt of stores ordered – quality & quantity ? • (v) Has the invoice been checked comprehensively? • (vi) Is it classified correctly and duly recorded in accounting records? • (vii) Are there an y indication s of irregularities o r improprieties ? • (viii) Are there any indications of poor value for money or excessive cost etc? • (ix) Has the audited body followed all due guidelines? Key Internal Controls Key Internal Controls Planning Strategic Planning • (i) A statement of key objectives of Local & Revenue Audit (Chapter 1); • (ii) The time period over which all audit objectives w ill b e cover ed (3 to 5 year s); • (iii) The audit areas or units to be audited (all auditable units); • (iv) Knowledge of the business (Appendix 1); • (v) Audit approach – the extent of system s-based and substantive approach • (Chapter 2); • (vi) Extent of comput erisation of accounts; • (vii) Staffing resources available – num ber, grades and skills and • (viii) Development plans and tim ing e.g. for training, im plementation of • Governm e nt Auditing Standards, Audit Code, Local Audit Manual and • sustainability arrangeme nts. Roles Control Environment Materiality Risk Risk Evidence Evidence Reporting Follow UP