You’re required to describe the duties and powers of Director of Audit under the Constitution of Mauritius and Finance and Audit Act 1973.
The INTOSAI Auditing Standard is framework for establishment of procedures for the practices to be followed in conduct of an audit. The Standard comprises four parts – Basic Principles, General Standards, Reporting Standard and Field Standard.
You’re required to show your understanding of the
• General Standards; and
• Field Standards
INTOSAI states that “the auditor in verifying the scope and extent of audit must study and evaluate the reliability of internal control system”.
You’re needed to discuss the three elements of internal control system.
You’ve been selected as one of resource person for a course in auditing for internal controllers. Your topic for presentation is the techniques for verification of fixed assets.
You’re required to discuss the points which you will address in your presentation.