ACCA AAA ^INT Syllabus F. Other Assignments -  Plan the audit of performance information - Notes ^{2 / 3}

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