Page 168 - AAA Integrated Workbook STUDENT S18-J19

Chapter 103 4

3.2 Purpose of review procedures

The auditor should assess whether:

 Initial assessments made at the start of the audit are still valid in light of the
information gathered during the audit

– materiality

 The audit plan was properly flexed to meet any new circumstances

– additional risks

 There is a need to revise the nature, timing and extent of the work performed

– additional procedures have been performed to resolve issues identified
during the audit

 The audit work was carried out properly

– work has been performed by an appropriate team member with sufficient
experience

– sufficient professional scepticism has been applied

– the work has not been rushed

 The audit evidence gathered by the team is sufficient and appropriate to support
the audit opinion

– sample sizes have not been reduced to save time

– reliable forms of evidence have been obtained e.g. too much reliance has
not been placed on enquiries or written representations from management

 The financial statements comply with the appropriate financial framework.

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