Auditing Essay Example | Topics and Well Written Essays - 1250 words - 3

Auditing - Essay Example in errors or omissions, an auditor is usually hired to verify the statements before they are presented to the shareholders during an annual general meeting. Therefore, the duty of an auditor is to verify the financial statements of a legal entity. He should give an opinion that provides a reasonable assurance to the shareholders as well as to any other user of the financial statement that the financial statements give a fair and true view of the organization and that all material respects have been taken into account. I being an auditor has been an external auditor have been selected to perform the audit of Toyota Corporation. This article gives an audit program of the duties that I will carry out in accomplishing my objective as the external auditor. An audit program refers to the procedures and policies that are laid down to guide the auditor in in executing their audit job. The audit program is prepared depending on the scope if he audit. The scope of the audit varies depending on the company being audited and the purpose of the audit. It is i9mportant to have an audit program since it helps the auditor to standardize the evaluation process as well as his data collection. With an audit program, it will be possible for the auditor to collect all the relevant information for the audit purposes. The program will further ensure that the auditor complies with the policies and procedures of Toyota and also determine the effectiveness of these policies. At times, I am supposed to evaluate the adequacy of internal controls. This will be possible through the help of an audit program. The following program is to be used in carrying out the audit of Toyota Motor Corporation. The first stage will involve meeting the internal audit general and preparing/planning the documents. The preparation and updating of the engagement letter will be among the duties performed in planning and preparing the documents (Puncel, Pp. 7). The compliance engagement will follow a consideration