Internal audit management skills systematic audit approach
Download
1 / 7

Internal Audit Management Skills (Systematic Audit Approach) - PowerPoint PPT Presentation


  • 143 Views
  • Uploaded on

Internal Audit Management Skills (Systematic Audit Approach). Prepared by: Mr. L.A. Smidt (CIA, CRMA). Systematic Audit Process. Step 1 = Development of the Annual Plan Step 2 = Determination of Assignments to be performed resulting from the Annual Plan

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Internal Audit Management Skills (Systematic Audit Approach)' - atira


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Internal audit management skills systematic audit approach

Internal Audit Management Skills(Systematic Audit Approach)

Prepared by: Mr. L.A. Smidt (CIA, CRMA)


Systematic audit process
Systematic Audit Process

Step 1 = Development of the Annual Plan

Step 2 = Determination of Assignments to be performed resulting from the Annual Plan

Step 3 = Assignment Planning (Preliminary Survey)

Step 4 = Risk and Control Analysis

Step 5 = Fieldwork

Step 6 = Reporting

Step 7 = Follow-Up


Systematic audit process annual plan
Systematic Audit ProcessAnnual Plan

Key things to remember during the Annual Planning process:

  • Refer to the IIA standard 2010

  • Completeness of the plan (i.e. The risk or audit universe)

  • Coordination of efforts (i.e. Combined Assurance)

  • Understand the business environment

  • Understand the key performance indicators (i.e. What must go right in order for the business to be successful)

  • Thorough understanding of the ERM framework

  • Obtain a complete view of the Business Universe as well as the ITuniverse

  • Consider current legislation (e.g. KYC in Financial Services & OHS in Mining Industries)


Risk based internal audit annual plan
Risk Based Internal AuditAnnual Plan

Refer to the following documents:

  • Annual Plan (slides) – Source: Knowledgleader.com (Protiviti)

  • Risk Based Internal Audit

  • Holistic view on Risk

  • The role of Internal Audit in ERM


Systematic audit process assignment execution reporting
Systematic Audit Process(Assignment Execution & Reporting)

Assignment Execution and Reporting

Assignment Planning

Risk and Control Analysis

Fieldwork

Audit Reporting

Follow - Up


Systematic audit process assignment execution reporting1
Systematic Audit Process(Assignment Execution & Reporting)

  • Planning the Assignment

    - Refer to IIA Standard 2200;2201;2210;2220

  • Risk and Control Assessment

  • Fieldwork

    - Refer to IIA Standard 2240;2300;2310;2320;2330

  • Reporting

    - Refer to IIA Standard 2400

  • Follow-Up

    - Refer to IIA Standard 2500



ad