Audit Plan

plan shall include a

escription of:

1. the nature, timing and extent of planned r

isk assesment procedures, as determined
. the nature, timing and extent of plan
ned futher audit procedures, as the a
ssertion level, as determined under
PSA 330
. other planned audit procedures that
are required to be carried out so that
the engagement complies with PSAs
The audit shall document:
. Overall audit strategy

. Audit plan

. Any significant changes made during the a

udit engagement to the overall audit strat
egy or audit plan, and the reason for such
changes
Direction,
Supervison
and Revie
w
Changes to Planning Decisions
During the Course of the Audit
Consideration Specific to Sma
ller Entitiles
Documentation
Additional Consideration in Init
ial Audit Engagements
. Perform procedures regarding the acceptance
of the client relationship and the specific audit
engagement

. Communicate with the previous auditor, where

there has been a change of auditors, in complia
nce with relevant ethical requirements
Discussion of Other Critical
Matters in Engagement
Planning

1. Application of Analytical
Procedures in Planning the Audit

2. Establishment of an Engagement or
Audit Team
3. Consideration of Work Performed by Othe
r Auditors/ Parties

a. Predecessor Auditor
b. Other CPA
c. Specialists
d. Internal Auditors