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John Selwood's Audit Clinic

This month John shares two of the most interesting and unusual questions from delegates at recent faculty roadshows.


I have been asked by a charity to prepare and give some assurance on their accounts, but they do not want to go to the expense and effort of an audit every year. They would like an audit every third year and some sort of other testing in between.

The audit is fairly straightforward but the content of the review in the intervening years is proving hard work to design. I have drafted a work programme that includes some testing of source documents to the accounting records and I am trying to use the International Standard ISRE 2400 as a guide. Am I on the right track?


It seems that a lot of thought has gone into this and you have put a lot of hard work in. But, if you don’t mind me saying, this all sounds like a terrible idea.

When you do the audit every third year you will be undertaking an initial engagement each time, which means that you will need to do more work on the opening balances than usual.

Find out more

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