FASE DE LA AUDITORIA PLANIFICACION ESPECIFICA

Summary

The video script by Javier Casa Perfecto focuses on the specific planning phase of an audit, emphasizing its importance in defining strategy, efficiently utilizing resources, and achieving audit objectives. It explains the role of preliminary planning in shaping specific planning, which involves evaluating internal controls, assessing audit risks, and selecting audit procedures. The script highlights key modern audit techniques such as interviews, observation, and analysis, and underscores the responsibility of supervisors and team leaders in executing specific planning. It concludes with the development of specific planning through the application of a general audit program, resulting in essential intermediate products for the audit's efficient execution.

Takeaways

• 📝 The speaker Javier Casa Perfecto discusses the specific planning phase of an audit, emphasizing its importance in defining the audit strategy and achieving set goals and objectives.
• 🔍 Specific planning is based on information obtained during preliminary planning and aims to evaluate internal control, assess and qualify audit risks, and select audit procedures for each component.
• 🛠 The modern audit approach focuses on concentrating audit efforts on areas of higher risk, particularly on assertions or representations that form the basis of the auditor's opinion on financial statements.
• 🔑 Techniques commonly applied in specific planning include interviews, observation, selective review, tracing transactions, comparison, and analysis.
• 👨‍💼 Responsibility for executing specific planning lies primarily with the supervisor and team leader, although in complex audits, the involvement of team members and specialists in specific disciplines is recommended.
• 📋 The general audit program is used for specific planning, guiding the main procedures to evaluate the entity's internal control and obtain the established products for this phase of the process.
• 📝 The general audit program includes elements such as considering the general objective of the audit, collecting additional information, evaluating internal control, and selecting the nature and extent of audit procedures.
• 📑 The products of specific planning accumulate information from preliminary planning and produce fundamental intermediate products for the efficient and effective execution of the audit.
• 🗂️ The basic products of specific planning include a specific planning report, which will be approved by the audit unit director and contain specific objectives, a summary of internal control evaluation results, a risk assessment matrix, and an audit sampling plan.
• 👥 The development of specific planning is carried out through the application of the general audit program, which contains objectives, audit procedures related to the evaluation of internal control, and components identified in the preliminary planning report.
• 🌟 The presentation concludes with the hope that the information on specific planning has been helpful, wishing the audience a good night.

Q & A

What is the main purpose of the specific planning phase in an audit?

The main purpose of the specific planning phase is to evaluate the internal control, assess and qualify the audit risks, and select the audit procedures to be applied to each component, based on the information obtained during the preliminary planning phase.

Who is responsible for carrying out the specific planning in an audit?

The responsibility for executing specific planning is concentrated on the supervisor and the team leader. However, in complex audits that require the evaluation of many components in parallel, it is recommended to involve team members and specialists in specific disciplines.

What is the difference between preliminary planning and specific planning in an audit?

Preliminary planning evaluates the entity as a whole, while specific planning works on each component in particular. Specific planning is more focused on concentrating audit efforts on areas of higher risk and on the assertions that require the most work to obtain and evaluate evidence.

What are some key techniques applied during the specific planning phase?

Some of the most applied techniques include interviews, observation, selective review, tracing of operations, comparison, and analysis.

What is the role of the general audit program in specific planning?

The general audit program serves as a guide for applying the main procedures to evaluate the internal control of the entity or area under examination and to obtain the products established for this phase of the process.

What are the basic products developed at the end of the specific planning phase?

The basic products developed at the end of specific planning include the specific planning report, which will be approved by the director of the unit and will contain specific objectives by areas or components, a summary of the results of the internal control evaluation, a risk assessment and qualification matrix, an audit sampling plan, detailed audit programs, necessary human resources, work distribution and estimated times to conclude the audit, and financial resources.

How is the risk assessed during the specific planning phase?

Risk is assessed by focusing audit efforts on areas of higher risk, particularly on assertions or representations where the auditor spends most of their work to obtain and evaluate evidence that will support the opinion on the financial statements.

What are the main elements included in the specific audit program for specific planning?

The specific audit program includes general considerations of the overall audit objective and the preliminary planning report, collection of additional information from preliminary planning instructions, evaluation of internal control, audit approach, and selection of the nature and extent of audit procedures.

What is the importance of understanding the preliminary planning in relation to specific planning?

Understanding preliminary planning is crucial because it provides the foundation for specific planning. It helps in setting clear objectives and gathering necessary information that will guide the specific planning process.

How does the specific planning phase contribute to the efficient and effective execution of an audit?

The specific planning phase contributes by accumulating information from preliminary planning and issuing several intermediate products that are fundamental for the efficient and effective execution of the audit, such as a detailed audit plan and resource allocation.