Auditor Toolkit

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Auditor Toolkit
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Internal Audit Process
Planning
Performing
Communicating
Monitoring
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Basic Tools and Techniques

• Internal Audit Manual
• Audit Plan (Long-term, Annual, Engagement)
• Working Papers/Documentation (reliable, relevant
  and sufficient)
• Sampling
• Meeting (Open/Exit)
• Post-audit Questionnaire
• QAR Checklist
• Audit Report
• Audit Management (KPIs)
• Budgeting Sheet

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Audit Plan

• Risk-based
• Links with Business Strategy and Risk Register
• Stakeholders Needs
• Survey (interview, questionnaire, meeting)
• Flowcharting
• Walkthrough
• Audit Techniques (compare, analyze, observe,
  etc.)
• Audit Program (clear objectives, scope and
  resources allocated)

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Audit Report

• Two-way Communication
• Criteria, Conditions, Causes, Impacts and
  Recommendations
• Clear, Concise, Complete, Accurate and Timely

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Advancement

• IT supported systems (i.e. ACL, Idea, etc.)
• Audit Plan
• Working Papers
• Data Analysis
• On-line Questionnaire
• Libraries
• Audit Report
• Monitoring system

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How to choose?

• Internal Audit Environment (auditees, management,
  structure)
• Audit Types (Financial, Compliance, Performance,
  IT)
• Potential staff/skill (training system)
• Budget
• Time
• Database