What Makes a Good Audit?

What Makes a Good Audit? November 2021 FRC | What Makes a Good Audit? 2 The FRC does not accept any liability to any party for any loss, damage or costs however arising, whether directly or indirectly, whether in contract, tort or otherwise from action or decision taken (or not taken) as a result of any person relying on or otherwise using this document or arising from any omission from it. The Financial Reporting Council Limited 2021 The Financial Reporting Council Limited is a company limited by in England number Office: 8th Floor, 125 London Wall, London EC2Y 5 ASThe purpose of the FRC is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering | What Makes a Good Audit?

Good risk assessment and planning pays particular attention to the following attributes: • Audit planning . Risk assessment. procedures should be based on the inherent (or gross) risk, i.e. before the operation of controls and without any preconceptions, for example about the integrity of management. The risk assessment must take account of the

Loading..

Tags:

  Management, Risks

Information

Related search queries