A Quantitative Approach to Existing Issues of Audit Planning in Appropriateness and Relevance Analysis

Abstract

Audit planning has been a key stage of the audit process, which depicts the trajectory and basic actions. Developments in business and audit itself gave an impetus for the upgrading the audit plan regarding coverage, quality, and risk assessment. In turn, reshaped audit planning practices enriched with particular requirements and elements. However, qualitative measures are still failing to provide the clarity and credibility of audit plan compliance, which reveals the existence of a need for a quantitative approach. This article investigates the existing problems in current practices of audit planning and proposes a quantitative method for measuring the appropriateness and relevance of an audit plan.

Topics

Identifiers

DOI

10.18775/ijmsba.1849-5664-5419.2014.43.1002

Citations and references