The Probe MMX Audit Manual is an auditing reference tool for audit practices. The manual contains firm policies and procedures, based on the clarified International Standards on Auditing (ISAs) and the new Probe MMX methodology.

The manual facilitates compliance with the new standards and will enable firms to align their training and methodologies with the new standards.

The purpose of the Probe MMX Audit Manual is to assist as an auditing reference tool for audit practice, providing an essential link between the Probe MMX template and the ISAs.

It explains the standards by looking at the audit process in the following chapters:
Introduction and fundamental principles
Pre-engagement activities
Risk assessment process
Planning the audit
Performing the audit
Audit conclusions and reporting
Special considerations (segments, groups, other information, etc.)
References to International Standards on Auditing

Each chapter is organised according to the respective documents in the Probe MMX methodology, which explains the application of the methodology by cross-referencing to the applicable standards.


Release date: 2015