Recording, Evaluating and Testing Controls

Abstract

Once the planning process has commenced, an insight must be gained in the quality of the organization and the system of internal controls before we can map out the next phases of the audit process. This insight is acquired by:

• (1) recording the systems, including the organization and internal controls;

• (2) evaluating the systems and controls;

• (3) testing these, to confirm our understanding of them, and to verify their continued functioning.