What is the primary purpose of an audit programme?
Correct answer: C. To list the detailed audit procedures to be performed
- A. To summarise the auditor’s final opinion
- B. To record the company’s accounting policies
- C. To list the detailed audit procedures to be performed
- D. To approve the client’s annual budget
Explanation
An audit programme contains the detailed procedures and tests planned for particular audit areas. It guides the audit team and provides a basis for recording the work completed.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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