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Initial Audit Setup Question
note
For a discussion of setup questions for an engagement created with practice aids titles released November 2011 and later, see the SMART Engagement Setup Questions topic.
The question "Is this an initial audit?" always appears on the Create Client Engagement window when you create a new engagement, regardless of the practice aid title selected.
The answer to this question determines whether the initial audit steps are included with the steps for each audit area. Initial audit steps are generally performed the first year or first time that the auditor performs an audit for a company. The default answer is
No
.If You Answer Yes
If you answer
Yes
, the initial steps appear in the center pane for the audit areas on the Review and Modify Audit Programs
window. The initial steps appear grayed out in the All Audit Procedures
pane on the right to indicate that these steps are already included in the audit program.
If You Answer No
If you answer
No
to the initial audit question, the initial steps appear only in the All Audit Procedures
pane on the right. The steps are not grayed out, indicating that they are available for selection. You have the option of dragging the steps to the center pane for use in the audit.