Regulation 129 — REGULATIONS_AUDIT

(2) The development of the annual or longer-term audit plan is based on the assessment of risk and other factors, as may be determined by Comptroller and Auditor General.

(3) The planning of individual audit assignments broadly involves:

(a) Obtaining an understating of the nature of the entity/ programme/ activity etc being audited;

(b) Defining the audit scope, objectives and approach;

(c) Defining the nature, timing and extent of the audit procedures, and timelines

129. Audit Planning (1) Audit Planning involves

(a) the identification of audit assignments, relating to one or more auditable entities, as part of the annual and/or longer-term audit plan; such assignments may be financial, compliance or performance audits, or combine all or some aspects thereof.

(b) Planning individual audit assignments

(4) The detailed procedures for the preparation of the annual or longer-term plan, and planning of individual audit assignments shall be specified by the Comptroller and Auditor General.