Super Summary for Auditing Standards 300 Auditing Planning

1. Continuous & involves: Planning should be continuous It Involves
  a. Developing an overall plan 
  b. Developing an audit programme 
2. Revisions: Changes in conditions may cause revisions of audit plan 
3. Factors to be considered: 
  a. Complexity of the audit.
  b. His previous experience with the client. 
  c. Knowledge of the client's business. 
4. Auditor needs to obtain a level of knowledge of client's business 
5. Development of an Overall Plan.
6. Documentation: Auditor should document his overall audit plan.
7. Developing the Audit Programme.
8. The preparation of audit planning & programme ideally  commences at the conclusion of the previous year's audit.