The uses of materiality and audit risk concepts in auditing: relating to planning and conducting an audit / Mohd Nazim Ibrahim

The planning and conducting an audit may be different from an auditor to another and the principles used are according to the accounting and auditing standards and also statutory requirement. The Auditor's Operational Standard requires that 'the auditor should adequately plan control and record his work". The associated guideline stress that audits irrespective of their size, must be properly planned, controlled and recorded at each stage of their progress if they are to be efficiently and effectively carried out.