Statutory Audit Planning
A guided workflow to ensure a compliant and risk-focused audit plan.
1.1 Nature of the Entity
Documenting the entity's operational and competitive landscape.
1.2 Industry, Regulatory & Economic Factors
ISA Reference: Understanding external factors is mandatory under ISA 315.
1.3 Financial Reporting Framework
1.4 Governance & Management
Code of Ethics: Governance influences integrity and ethical climate.
1.5 Internal Control Environment
ISA 315: Requires auditors to assess control design & implementation.
1.6 IT Environment
1.7 Fraud Considerations (ISA 240)
Ethics: Integrity concerns trigger independence reassessment.