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Audit Planning and Audit Tests


Task 3: Be able to contribute to the planning and conduct of an audit assignment (LO 3: 3.1, 3.2, 3.3 and M1, M2, M3 & D1, D2, D3) 3.1. When you were asked to go for auditing to that organisation, what sort of questions came to your mind and how did you plan the audit with reference to scope, materiality and risk? 3.2. What are the different audit tests which can be applied for your audit plan? 3.3. How audit process is recorded, stored and why these documents are important? Why these documents are important?