A study on Audit procedures
Preeti Preeti, Dr . Jyoti Sah · International Journal of Research Publication and Reviews · 2025
This research paper explores in-depth the audit procedures followed by Chartered Accountant (CA) firms, emphasizing the significance of standardized auditing practices in achieving financial transparency, accountability, and statutory compliance.It focuses on each audit stage-planning, risk assessment, internal control evaluation, substantive procedures, evidence gathering, documentation, and reporting-offering a holistic view of the auditing process.By combining primary data from practicing auditors and secondary literature from regulatory sources such as ICAI, this paper examines the real-world challenges faced by auditors and how evolving technology and regulatory frameworks are reshaping auditing in India.Chart 2: Common Audit Challenges -Categorizes challenges such as client non-cooperation, inadequate records, technology issues, and workload pressure.This pie chart illustrates how CA firms allocate resources: Substantive Procedures -20% Evidence Gathering -18% Documentation -15% Audit Planning -15% Internal Control Evaluation -12% Risk Assessment -10% Report Preparation -10%This data reveals that the most resource-intensive stages are substantive procedures and evidence gathering, emphasizing their critical role in achieving audit accuracy.