Audit work includes planning the audit, examining and evaluating information, communicating results and follow-up.
Planning The Audit
Establishing audit objectives and scope
Obtaining background information
Risk assessment
Writing the audit program
Examining and Evaluating Information
Information collected should be sufficient, competent, relevant and useful to provide a sound basis for recommentations.
The system of controls must be determined, documented and tested.
Communicating Results
Issuance of a written report
Conclusions and recommendations will be discussed with the appropriate levels of management prior to issuing the final report.
Reports will present the purpose, scope and results of the audit, and where appropriate, the auditors opinion.
The report will include any recommendations for improvement.
The Auditee's response to the recommendations will be included in the audit report.
Follow Up
The Internal Auditor will perform a follow up review to assure that recommendations have been properly implemented.
And for further information follow this link
Internal Audit Tools and Resources
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Thanks & Regards,
AJ