Page 5 - IA Manual Mobile Version
P. 5
3. Resource Planning
The Engagement Partner and Audit Manager are involved in planning of resources for the
EP
assignment. Resource allocation is after appropriate evaluation of team member's availability, AM
independence, capabilities and competencies.
4. Discussion with Process Stakeholders & Requisition of Initial Requirement List
a. Audit Manager with or without team members visits the client premises. Meetings are
conducted with respective stakeholders to explain the scope of work and preliminary list
of information required.
b. Based on the availability of stake holders, priorities of audit areas are planned and
AM
tentative schedule to close the tasks are communicated. TM
Note: Initial requirement list is prepared after referring the transactions in books of accounts
and based on past experiences. During the course of an audit, further requirements are
requested.
