Compliance of audit methodology with ISSAIs / Audits are conducted in accordance with the ISSAIs

Compliance of the financial audit methodology with ISSAIs

The audit methodologies outlined in the SAI’s manuals/guidance should be assessed against the key requirements in the ISSAIs. Where possible this should be based on other assessments or reviews carried out by SIGMA or other independent bodies, but if needed a review against the SIGMA checklists for financial, compliance and performance audits.

Compliance of the compliance audit methodology with ISSAIs

the audit methodologies outlined in the SAI’s manuals/guidance should be assessed against the key requirements in the ISSAIs. Where possible this should be based on other assessments or reviews carried out by SIGMA or other independent bodies, but if needed a review against the SIGMA checklists for financial, compliance and performance audits.

Compliance of the performance audit methodology with ISSAIs

The audit methodologies outlined in the SAI’s manuals/guidance should be assessed against the key requirements in the ISSAIs. Where possible this should be based on other assessments or reviews carried out by SIGMA or other independent bodies, but if needed a review against the SIGMA checklists for financial, compliance and performance audits.

Reports on EQRs of financial/compliance audit engagements indicate the engagements have been conducted / reported in accordance with an ISSAI compliant methodology

Review of the SAI's reports on the outcomes of EQRs and inspections to confirm that audit engagements have been conducted in accordance with an ISSAI compliant methodology and that the audit reports were reliable and good quality. The reviews should encompass all types of audits undertaken by the SAI and in the rare cases where the SAI has prepared a large numbers of reports on the outcomes of EQRs and inspections. Only a sample of the reports should be reviewed. If zero points have been received for the compliance of the audit methodologies with the ISSAIs then no points can be awarded for these criteria.

Reports on inspections of financial/compliance audit engagements indicate the engagements have been conducted / reported in accordance with an ISSAI compliant methodology

Review of the SAI's reports on the outcomes of EQRs and inspections to confirm that audit engagements have been conducted in accordance with an ISSAI compliant methodology and that the audit reports were reliable and good quality. The reviews should encompass all types of audits undertaken by the SAI and in the rare cases where the SAI has prepared a large numbers of reports on the outcomes of EQRs and inspections. Only a sample of the reports should be reviewed. If zero points have been received for the compliance of the audit methodologies with the ISSAIs then no points can be awarded for these criteria.

Reports on EQRs of performance audit engagements indicate the engagements have been conducted and reported in accordance with an ISSAI compliant methodology

Review of the SAI's reports on the outcomes of EQRs and inspections to confirm that audit engagements have been conducted in accordance with an ISSAI compliant methodology and that the audit reports were reliable and good quality. The reviews should encompass all types of audits undertaken by the SAI and in the rare cases where the SAI has prepared a large numbers of reports on the outcomes of EQRs and inspections. Only a sample of the reports should be reviewed. If zero points have been received for the compliance of the audit methodologies with the ISSAIs then no points can be awarded for these criteria.

Reports on inspections of performance audit engagements indicate the engagements have been conducted and reported in accordance with an ISSAI compliant methodology

Review of the SAI's reports on the outcomes of EQRs and inspections to confirm that audit engagements have been conducted in accordance with an ISSAI compliant methodology and that the audit reports were reliable and good quality. The reviews should encompass all types of audits undertaken by the SAI and in the rare cases where the SAI has prepared a large numbers of reports on the outcomes of EQRs and inspections. Only a sample of the reports should be reviewed. If zero points have been received for the compliance of the audit methodologies with the ISSAIs then no points can be awarded for these criteria.