(Audit Update) How I Review Audit Planning Memorandum (APM)

Excited to share how we at #ktp approach the crucial phase of audit preparation with our Audit Planning Memorandum (APM). Think of the APM as our detailed guide for conducting thorough and effective audits.

In my role as audit partner, alongside our dedicated managers and seniors, I delve deep into the APM.

Our main focus? Tackling the most critical part of any audit - identifying and addressing material risk areas. These are the spots where errors, fraud, or other issues could significantly impact financial statements.

Our strategy starts with two key questions:

1. What's the material risk area for this audit?

2. How will we resolve this risk?

Dive deeper into our APM review process and learn more about how we ensure our audits are as reliable and effective as possible.

YouTube Vidoe

Check out our latest #ktp YouTube video (20 mins) for insights: https://lnkd.in/gQkwym2K

PS : Authored by Mr Koh Teck Peng, the Group Principal, in his personal LinkedIn post https://bit.ly/3wqbWnF

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