Skip to content

CS Professional · Compliance Management, Audit and Due Diligence · Audit Process and Documentation

Rohan, an engagement partner, is planning the audit of Sahyadri Logistics Ltd, which has warehouses in six states. He considers holding one meeting for all team members, but it is impractical. Under the guidance in SA 315, what is the correct approach to the engagement team discussion?

The engagement partner may discuss matters with key team members, including specialists and those responsible for component audits, and delegate discussion with others. A single all-member discussion is not always necessary or practical, as in a multi-location audit, and a communications plan agreed by the partner may help.

  1. AEvery member must attend one single discussion, and be informed of all decisions reached
  2. BThe discussion is unnecessary for multi-location audits
  3. CThe partner may discuss matters with key team members, including specialists and component auditors, and delegate discussion with othersCorrect
  4. DOnly the component auditors may take part in the discussion, excluding the partner

Explanation

Guidance in SA 315 says it is not always necessary or practical for the discussion to include all members in a single discussion, nor must all members be informed of all decisions. The partner may discuss with key members and delegate discussion with others, and a communications plan may help. The first option is wrong because it demands what the guidance says is not required.

Did you get it right without looking?

One question tells you little. A timed set on Audit Process and Documentation shows your real accuracy, how long you take and where you lose marks.

Practise Audit Process and DocumentationFree diagnostic mock

More Audit Process and Documentation questions