- 10 Marks
AAA – Nov 2024 – L3 – Q4b – Compliance Audit in State Audits
Evaluate compliance audit engagements in state audits and discuss common areas covered in reports.
Question
Compliance audit is crucial in state audits to ensure multiple objectives. It determines whether the subject matter being considered follows specific criteria. These criteria may include:
- Parliament decisions
- The Law
- Government Policy
- Established agreed terms, etc.
Compliance audit can be conducted as either an Attestation Engagement or a Direct Reporting Engagement.
Required:
i) Evaluate these TWO engagements.
ii) Discuss common areas that will be covered by the reports of the two engagements.
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