Sir, how is an audit programme to be drafted? Kindly explain so that apart from the below question, no difficulty is to faced in solving other questions as well.
Q: Draft an internal audit programme for carrying out audit of over the counter sales of a cell phone outlet at a big mall.
there is no standard format or flow for such questions. you have to imagine about that particular business ans write auditing procedures for test of controls / important incomes, expenses & assets.
so i will suggest take quick look at such answers divide points given in 4 areas
- General Overall Audit Procedures including Test of Controls
- Audit of Major Incomes
- Audit of Major Expenses
- Audit of Major Assets
and try to retain as many as points which are possible