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i. Delegation. Audit work should be delegated by the reporting partner to staff who have appropriate experience, training, proficiency and independence. This will provide reasonable assurance that such work will be performed with due care by persons having he required technical competence.
ii. Direction. Audit assistants to whom work is delegated should be given appropriate instructions. This involves informing audit assistants of their responsibilities and objectives of the procedures they are to perform. It also involves informing them of matters such as nature of client’s business and the possible accounting and auditing problems.
iii. Supervision. This involves monitoring the progress of the audit to consider whether assistants have the necessary skills and competence to carry out their assigned tasks, establishing whether assistants understand the audit instructions and resolving any differences of professional judgment between personnel. Supervision also entails identifying and addressing any significant accounting and auditing questions raised in course of the audit and ensuring that work is being carried out in accordance with the overall audit plan and audit programme.
iv. Review Work performed by each staff member should be reviewed by a person of equal or higher competence to ensure that work has been performed in accordance with audit programme, has been properly documented and that audit objectives have been met
Wilfykil answered the question on April 11, 2019 at 10:17
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