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#330838 - 03/09/05 02:51 PM Audit schedule
TnT Offline
Junior Member
Joined: Jan 2004
Posts: 38
Do you create an "audit budget" for the year? A schedule for each audit area,telling the time it takes to do each section of the audit. I was just wondering how many auditors do this.

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Audit
#330839 - 03/09/05 03:12 PM Re: Audit schedule
JoAnne Offline
Platinum Poster
Joined: Feb 2001
Posts: 795
Michigan
Yes, I prepare a budget for each audit area and keep track of the time spent. In previous years, I did it for each audit. This year, I actually have included preliminary budgets on the audit plan for the year.
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#330840 - 03/09/05 03:29 PM Re: Audit schedule
Countess Kiwi Offline
Diamond Poster
Joined: Jun 2002
Posts: 1,815
Minnesota
I tried to keep a time budget, but something always seemed to come up and take time away from the audit area. We do have a quarterly audit schedule with the audits to be completed each quarter. After having done each audit at least once, we have an idea how long each one will take and create our quarterly schedule based on that information.
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Do what you can, with what you have, where you are.
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