audit program
An auditor reviews the audit program before beginning the financial examination.
Noun: A detailed, structured list or schedule of the specific procedures, tests, and steps that auditors must perform to complete an examination of financial records or a system. It serves as a roadmap for the audit process.
An audit program is a formal document used in accounting and finance to plan, control, and record the work done during an audit. It ensures the audit is thorough, consistent, and complies with relevant standards. - The external auditors developed a comprehensive audit program before beginning their fieldwork. - Following the audit program helps ensure no critical area is overlooked.
- The senior manager reviewed the audit program to allocate tasks to the team members.
- A well-designed audit program includes procedures for testing internal controls and substantive testing of transactions.
- Changes to the audit program must be documented and approved.
- Risk-based audit program: An audit program specifically tailored to focus on areas with higher assessed risks of material misstatement.
- Compliance audit program: A program designed to audit adherence to specific laws, regulations, or internal policies, rather than financial statements.
- Audit plan (n): A broader term that may encompass the overall strategy, timing, and scope, of which the audit program is a key component.
- Audit procedure (n): An individual step or test listed within an audit program.
- Audit schedule
- Audit checklist
- Examination program
The term "audit program" refers specifically to the plan of procedures. It is distinct from software tools or computer programs used in auditing, which might be called "audit software."
An auditor reviews the audit program before beginning the financial examination.
- a listing of audit procedures to be performed in completing an audit