Pre-requisites of an audit officer

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....ized below. An audit officer should be able to answer the questions pertinent to a particular area of legal, technical, and interpersonal skill and knowledge. A list of competencies and an illustrative list of questions is given below:-   Area of Competence (Skill-set/ Knowledge) Illustrative Questions 1. Have a well-drafted preplan for identifying areas of concern * What to examine? ....

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....s pattern of the auditee with respect to the auditee's particular trade & industry? * Is the audit officer aware of the existing trade practices, conventions, and market trends? * Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 provides that the Final Accounts should comply with the Accounting Standards. Does the audit officer possess the knowled....