Logistical planning is the management of the audit as a project. It covers important elements such as

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Logistical planning is the management of the audit as a project. It covers important elements such as the allocation of tasks and the timing of the work, preparing a timetable and a budget, identifying which of the business's computer files are needed for the audit and agreeing a timetable for tasks to be completed by company staff and the audit team. Procedures could include:

(1) establishing the staffing and other resources required for the engagement, including specialists;
(2) co-ordinating the provision of other services to the client, such as preparation of tax computations, pension scheme audit, etc.;
(3) determining involvement of other offices of the audit firm and any other auditors, for example for subsidiary companies within a group;
(4) planning use of computer-assisted audit techniques;
(5) deciding the location and planned timing of the audit work;
(6) preparing of cost and time budgets;
(7) planning timing of clearance matters (for example the final audit meeting, submission of reports and signing of accounts);
(8) co-ordinating the schedules and information to be prepared by client staff.

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Current Issues In Auditing

ISBN: 9781853963650

3rd Edition

Authors: Michael J Sherer, W Stuart Turley

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