CAT / FIA FAU Syllabus B. Audit Planning And Risk - Planning issues such as staffing - Notes ^{6 / 7}

Auditors should consider:

1. The use of appropriately experienced team members for high risk areas or the involvement of experts on complex matters

2. The amount of resources to allocate to specific audit areas, such as the number of team members assigned to observe the inventory count at material locations, the extent of review of other auditors’ work in the case of group audits, or the audit budget in hours to allocate to high risk areas

3. How such resources are managed, directed and supervised, such as when team briefing and debriefing meetings are expected to be held, how engagement partner and manager reviews are expected to take place