AAAP7 INT
Syllabus F. Other Assignments F4. Public Sector Performance Information

F4b.  Plan the audit of performance information 2 / 3

Syllabus F4b)

Plan the audit of performance information (pre-determined objectives), and describe examination procedures to be used in the audit of this type of information.

Plan the audit of performance information

How is such an Information Audit planned?

  1. Understand the information in the first place

    Ask how it was collected and aggregated?
    What systems (and controls) are used in the above 

    We can do this by discussions with management and then we can document these processes and systems

  2. Inspect the Original Documents

  3. Analytical Procedures (comparisons and trends)

  4. Get written representations on the accuracy and completeness of the information

  5. Re-work some of the calculations

  6. Reporting