What is Omitted procedures?
In short
Omitted procedures are audit procedures the auditor finds, after the report has been released, were considered necessary but weren't performed. The auditor assesses whether the omission impairs the ability to support the opinion.
Key takeaways
- If it does, and people are relying on the report, the auditor promptly performs the procedure or alternatives.
- If the procedures then find a problem, the auditor follows the guidance for subsequently discovered facts.
- Omissions often come to light in a post-issuance review or peer review.
Where it's tested
AUD: Written Representations & Completing the Audit — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
After the report release date, the auditor discovers that a planned procedure was omitted. The auditor believes the omission impairs its ability to support the opinion, and users are still relying on the report. The auditor should: