Intermediate Audit Execution

Course Overview

To be able to apply foundational internal audit concepts as they relate to different internal auditing assignments.

• To be aware of how to complete audit working papers and files
• Understand the business under review including reports, documentation and financial data etc.
• Documentation of objectives and SOW and communication to Auditee.
• Develop audit program to achieve the objectives and covering the SOW.
• Open and structure working papers/files.
• Compare evidence with controls or criteria expected, identifying gaps or opportunities for improvements, discussing with Client.
• Entering final reports into the database with due dates for action plans.
• Checking implementation of action items on due dates using database and update of database with revisions including external audit.
• Communicating audit follow-up to all stakeholders.
• Share/discuss audit findings with client (closing meeting) and agrees actionplans
• Communicating audit results and audit opinion to all stakeholders
• Understand the business under review including reports, documentation and financial data etc.