The audit of international commercial banks (International statement issued by the International Auditing

THE AUDIT OF INTERNATIONAL COMMERCIAL BANKS CONTENTS Paragraphs 1. Introduction................................................................................................ 1.1-1.7 2. Audit Objectives and the Audit Process The objectives............................ 2.1-2.3 The process. 2.4-2.5 3. Defining the Terms of the Engagement ............................................... 3.1-3.3 4. Planning the Audit Introduction................................................................................................ 4.1-4.2 Gaining a knowledge of the client............................ 4.3-4.12 Development of an overall audit plan...................... 4.13-4.26 Co-ordinating the work to be performed................................................. 4.27-4.28 5. Establishing the Degree of Reliance on Internal Control Introduction................................................................................................ 5.1 Identifying, documenting and testing control procedures ...................... 5.2-5.12 Examples of controls ................................................................................. 5.13 Inherent limitations of internal control.................... 5.14 Considering the influence of environmental factors............................... 5.15 Determining the nature, timing and extent of substantive tests ............. 5.16-5.19 6. Performing Substantive Procedures Introduction................................. ...