#issai145 - Auditors should obtain an understanding of the nature of the entity/programme to be audited
This includes understanding the relevant objectives, operations, regulatory environment, internal controls, financial and other systems and business processes, and researching the potential sources of audit evidence. Knowledge can be obtained from regular interaction with management, those charged with governance and other relevant stakeholders. This may mean consulting experts and examining documents (including earlier studies and other sources) in order to gain a broad understanding of the subject matter to be audited and its context.
| INTOSAI ref. Fundamental Principles of Public-Sector Auditing(pdf) (ISSAI-100). |
| #tagcoding hashtag: #issai145 |
- This article in the ISSAI standards
- Also under 5. Principles of public-sector auditing
- Aligned resources
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