The procedure for formulating, appraising, approving, and issuing the audit plan
Sequence of Steps for Preparing, Appraising, Reviewing, and Issuing the Audit Plan
Based on Article 5 of the Regulation on the sequence of preparing, appraising, reviewing, and issuing the general audit plan of the audit issued under Decision 03/2021/QD-KTNN, the sequence of steps for preparing, appraising, reviewing, and issuing the audit plan is stipulated as follows:
Surveying and collecting information about the audited entity.
Evaluating the internal control system and analyzing the collected information.
Identifying and evaluating risks of material misstatement.
Preparing the audit plan.
Appraising and reviewing the audit plan.
Finalizing the audit plan and issuing the audit decision.
Surveying and Collecting Information about the Audited Entity
Based on Article 6 of this Regulation, the surveying and collecting of information about the audited entity are stipulated as follows:
Based on the annual audit plan, the annual audit organization plan, the list of audit contacts issued by the State Auditor General; guidelines on the objectives, materiality, and primary audit content of the year from the State Audit, the head of the unit responsible for the audit organizes the surveying and collecting of information to develop the audit plan in the following sequence:
Preparing, approving, and sending the Survey Outline.
Surveying and collecting information.
The detailed content of each task in the above steps is carried out following the State Audit Standards, the State Audit Procedures, and the audit guidelines for the relevant audit field.
Respectfully!
