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1. An audit notebook is usually a BOUND BOOK in which a large variety of matters observed during the course of the audit are recorded. That means it is a record of Audit Observations.
2. It forms part of the permanent Working Paper File as it is used for future reference.
3. It contains detailed information relating to the work [...]

In the case of a Recurring audits, all the working papers can be classified into two files namely, Permanent working paper file and Current working paper file.
1. Permanent working paper file: – This file consists of papers, which are relevant for “Review by audit staff PRIOR to the Commencement of audit”. This file is maintained in [...]

If the auditor wisher to perform the work systematically and efficiently he must take the following steps:
i.) Every day the work must be performed for a reasonably fixed time.
ii.) A record must be maintained regarding the arrival and departure time of each and every audit staff member.
iii.) The question of work performed for each day must also be [...]

1) Audit programme is a detailed plan of Applying the Audit Procedures for given circumstances with instructions for the appropriate techniques to be adopted for accomplishing the audit objective.
2) The audit programme contains a list of various audit procedures to be performed along with relevant audit techniques.
3) It is desirable for the auditor to draw up an audit [...]

1) According to SAP one of the Basic Principle Governing an
Expected to plan work in order to perform the audit work in an Effective, Efficient and timing manner.
2) The term planning refers to the aspect of looking into the Future. The audit activity is Not an Exception and it is considered as a Standard Audit practice to [...]

1) Audit technique refers to a METHOD and MEANS adopted by the auditor for collection and evaluation of audit evidence in different situations.
2) Sets of techniques are grouped together in compliance of an audit procedure.
3) Audit technique varies from one situation to another situation. Depending on the Nature of transaction, the audit techniques are selected by the auditor.
4) The [...]

(Manner of handling the audit work)
1) The two terms Audit Procedures and Audit Techniques are often used interchangeably but there is a clear distinction between the two.
2) The term audit procedure refers to “ An Aspect “ to be performed by an auditor for achieving the overall audit objective.
3) Procedure may comprise of number of techniques and represents [...]

1) Audit process refers to the actual work that is to be carried out in order to achieve the Audit Objective.
2) For Effective and Techniques audit work, the auditor has to frame a proper scheme of work and determine the procedures and Techniques that are needed for the collection of purposeful Audit Evidence.
3) In the process of audit, [...]