Which statement is least appropriate? Audit management must avoid delays in releasing the draft audit report by
Question:
Which statement is least appropriate?
Audit management must avoid delays in releasing the draft audit report by using the following approach:
a. Introduce technology to ensure reports can be prepared, copied and quickly bound in-house.
b. Set clear reporting standards so that structure and style are not re-invented for every draft.
c. Adopt standardized working papers to feed smoothly into the reporting system. Link papers to show terms of reference, findings, implications, conclusions, recommendations, client comment and agreed-upon action in a logical order that fits the report structure.
d. Write most of the report at the client premises as the audit progresses using laptops.
e. Set separate budgets for the reporting stage that are carefully monitored and controlled.
f. Set a reporting date standard of say five weeks after completion of the fieldwork.
g. Ensure the audit review process is ongoing and does not hold up progress of the draft report.
h. Ensure auditors receive training in efficient report writing and drafting.
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