The revision of audit program is not possible the working of audit staff is affected due to rigid program. Obtaining quality system certification: Your password has been sent to: External vs Internal auditors What is an auditor and why do I need one?
If not, the program auditors might offer recommendations for repairing the problems or inefficiencies they identified. Overlap exists between the two types of audits, because they both analyze performance. The difference between the two types of audits primarily lies in where they focus their efforts.
Specifically, efficiency audits focus on analyzing resource management and regulation compliance and how these factors affect performance. Stan Mack is a business writer specializing in finance, business ethics and human resources.
Mack studied philosophy and economics at the University of Memphis. Skip to main content. Laws Ensuring adherence to laws and regulations is another important aspect of an economy and efficiency audit. Program Audits Program audits analyze performance to determine whether a program or department is effectively accomplishing its goals. Significance Overlap exists between the two types of audits, because they both analyze performance.
About the Author Stan Mack is a business writer specializing in finance, business ethics and human resources. Accessed 16 October Definition of Program Audit Vs. In this case auditor never prepares the programme in advance but according the progress of the work he allows to go.
The auditor can judge the efficiency of his audit team by holding of an audit programme. He is in a position to know the progress of the work.
He can see at any time that what part of the work has been completed and what remains to be done. Audit programme is very useful in distributing the audit work properly among the members f the audit team according to their talent.
Audit programme helps in settling all the things in advance, so the uniformity of work can be achieved. Audit programme is very useful for the new auditor. It provides training and guidance to him. So it is rightly called the basic instrument for training. Audit programme is a legal evidence of work done by every assistant of the audit team.
It can be presented in the court of law if any client is taken against the auditor for negligence. If any error or fraud remains undetected the responsibility of negligence will fall on the particular assistant who has performed that job.
The auditor controls the audit of various companies at the same time. In the absence of audit programme he can not supervise them effectively. If one assistant is unable to continue the work given to him, it can be given to another person. Audit programme guides him that what is done and what is remaining. Before signing the report, final review is made and for this purpose also auditing programme is very useful. On completion of an audit, it serves the purpose of audit record which may be useful for future reference.
The audit program should also describe how working papers -- the documented evidence of the audit -- will be collected, reviewed and reported. Objectives of audit programs. When developing an audit program, the internal auditor and its associated audit team should start with outlining the audit's objectives, goals and obligations. “Audit program is an outline of all procedures to be followed in order to arrive at an opinion concerning a client’s work financial statements”. Meaning of Audit Program: Audit program are lists of audit procedures to be performed by audit staff in order to obtain sufficient appropriate evidence. Definition of audit program: Step by step procedure laid down by the auditing firm that (depending upon the audit scope) must be followed by its accountant(s) in conducting an audit.