Which statement is least appropriate?

Any auditor time monitoring coding system must be based on clear rules that will vary between different audit sections – some general observations:

a. Code the work in line with the adopted reporting framework. The audit committee may have a view on this. In this way, we may secure reports that feed naturally into our monthly, quarterly and annual reporting structures.

b. Make sure all audit work has an individual job code regardless of how long each job takes. It is best not to use general codes such as ‘advice’ and ‘information’.

c. Following this line, it is as well to have small number of fixed codes for non-recoverable

(or non-chargeable) time such as annual leave, training, sickness and so on.

d. Have strict rules on who can set up codes and budget hours. This should be restricted to senior staff (say the audit manager or the CAE in smaller audit units).

e. Ensure that time sheets are signed on a weekly basis by audit management before submission to the system.