Evolving one audit programme applicable to all audit engagement under all circumstances is not practicable . Explain ? Can we answered in form of Disadvantage of Audit Planning

1 answer

Ravi Staff February 20, 2018

Every Business is Different… in some cash transactions are high, in some inventory is more, in some R&D expenses are huge

Every entity has different internal control system… some are manual, some use excel, some tally and others ERP
So on standard plan is not suitable for audit of all entities 
we have to design strategy and programme as per nature of business its internal control system and quality of book keeping

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