5 Survey Business Plan Permanent Files Risk register Previous Internal Audit Reports(Previous problem areas)External Audit ReportsAny third party reportsBoard and Audit Committee minutes
6 Survey Staff handbooks Flowcharting Management Accounts and Financial reportsWeb siteAudit Brief with Executives/ ClientsStakeholders’ needs (interview, questionnaire, meeting)
7 Survey Governance Practices Performance (KPIs) High value areas Suspicion areas (Fraud)
8 Techniques Risk Assessment Testing Sampling Simple Random Judgmental Interval or SystematicStratifiedAttributeVariable
9 Testing Test of Control Substantive Test Walkthrough Test (confirm what do happen in practice)Substantive TestAudit techniques (observe, count, inquire, analyse, compare, vouch, trace, foot, confirm, read, scan, …)
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