Statement on auditing standards, 022

              AICPA American Institute of
Certified Public Accountants
Planning and Supervision
1. The first standard of field work requires that " the work is to be
adequately planned and assistants, if any, are to be properly super­vised."
This Statement provides guidance to the independent auditor
making an examination in accordance with generally accepted audit­ing
standards on the considerations and procedures applicable to
planning and supervision, including preparing an audit program,
obtaining knowledge of the entity's business, and dealing with differ­ences
of opinion among firm personnel. Planning and supervision
continue throughout the examination, and the related procedures
frequently overlap.
2. The auditor with final responsibility for the examination may
delegate portions of the planning and supervision of the examination
to other firm personnel. For purposes of this Statement, ( a) firm per­sonnel
other than the auditor with final responsibility for the exami­nation
are referred to as assistants and ( b) the term auditor refers to
either the auditor with final responsibility for the examination or
assistants.
3. Audit planning involves developing an overall strategy for the
expected conduct and scope of the examination. The nature, extent,
and timing of planning vary with the size and complexity of the
Planning
Copyright © 1978 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036
Statement on
Auditing Standards
Issued by the Auditing Standards Executive Committee
March 1978 22