A time budget is an estimate of the total
hours an audit is expected to take. The
following are among the factors to be
considered in developing this budget, except
a. Client's size as indicated by its gross
assets, sales, number of employees.
b. Location of client facilities.
c. The competence and experience of
available staff.
d. Whether the audit is performed
during the interim or at year-end.
hours an audit is expected to take. The
following are among the factors to be
considered in developing this budget, except
a. Client's size as indicated by its gross
assets, sales, number of employees.
b. Location of client facilities.
c. The competence and experience of
available staff.
d. Whether the audit is performed
during the interim or at year-end.