Conducting the Assurance Engagement

Slides:

Advertisements

Similar presentations

MODERN AUDITING 7th Edition

Advertisements

Operational Auditing--Fall Evidence = Support n Auditors collect information n Evidence should be sufficient, competent, relevant & useful n Methodology.

5-1 McGraw-Hill/Irwin ©2002 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 5 Audit Planning.

Auditing A Risk-Based Approach To Conducting A Quality Audit

Office of Inspector General (OIG) Internal Audit

Operational Auditing--Fall Audit Finding Components n Condition n Criteria/Standard n Effect: Relate to 5 Control Objs. n Cause n Recommendation.

Chapter 5 Internal Control Evaluation. Chapter 2 Professional Standards.

External Quality Assessments

Purpose of the Standards

The Professional Practices Framework: Ethics and Standards of Practice

Section 1 Guidelines for Office of Inspector General Quality Control and Assurance Programs Peer Review Training – National Science Foundation August 16,

Learning Objectives LO1 Describe the role of professional judgment in achieving the overall objectives of the independent auditor in conducting an audit.

Learning Objectives LO1 Distinguish between management and auditor’s responsibilities regarding an auditee organization’s internal controls. LO2 Explain.

REVIEW AND QUALITY CONTROL

Internal Auditing and Outsourcing

Chapter Nine Conducting the IT Audit. Audit Standards AICPA — Statements of Auditing Standards (SASs) AICPA — Statements of Auditing Standards (SASs)

Compliance & Internal Auditing By David N. Ricchiute

7 - 1 Copyright  2003 Pearson Education Canada Inc. CHAPTER 7 Audit Planning and Documentation.

Fundamental Auditing Concepts. Materiality Evidence Independence Audit risk IS and general audit responsibilities for fraud Assurance.

Appendix E – Checklist for Review of Performance Audits Presented by: Ashton Coleman Department of Defense Office of the Inspector General August 16, 2012.

Taking the STANDARDS Seriously... what they are and why they are so critically important to internal audit professionalism.

The UNIVERSITY of GREENWICH 1 September 2009 L8c Audit and assurance J. E. Spencer-Wood Auditing and assurance Lecture 8c Standards for the Professional.

Chapter 21 Internal, Operational, and Compliance Auditing McGraw-Hill/IrwinCopyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.

1 Chapter Nine Conducting the IT Audit Lecture Outline Audit Standards IT Audit Life Cycle Four Main Types of IT Audits Using COBIT to Perform an Audit.

Copyright © 2007 Pearson Education Canada 1 Chapter 21: Completing the Audit.

ISSAI 400 Compliance Auditing

Chapter 3 Governance.

Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte.

Chapter 2 The International Professional Practices Framework: Authoritative Guidance for the Internal Audit Profession.

Business Processes and Risks

Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte.

1 - 1 Copyright  2003 Pearson Education Canada Inc. CHAPTER 1 An Overview of Auditing and Assurance Services.

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte.

Internal Audit Section. Authorized in Section , Florida Statutes Section , Florida Statutes (F.S.), authorizes the Inspector General to review.

ACC 491 Potential Instructors / snaptutorial For more course Tutorials

 Planning an audit of cost statements, records and other related documents is considered necessary to ensure achievement of audit objectives with available.

CONTINUOUS AFS REVIEW CONTRIBUTING TO SUSTAINABLE SERVICE DELIVERY Institute of Municipal Finance Officers & Related Professions.

MODULE 8: GOVERNANCE AUDIT EVIDENCE AND REVIEW

Fundamental elements of internal control

Chapter 1 : Introduction to Auditing

Assurance, Related Services and Internal Auditing

The ISSAIs for Financial Audit ISSAIs

Internal and Governmental Financial Auditing and Operational Auditing

The Demand for Audit and Other Assurance Services

ACC 491 Competitive Success/snaptutorial.com

ACC 491 Education for Service/tutorialrank.com

ACC 491 Education for Service/snaptutorial.com

ACC 491 Teaching Effectively-- snaptutorial.com

Following Up on Internal Audit Reports Workshop on IIA Standard 2500

Introduction to the Engagement Process

Update on the Developments in Government Auditing Standards

Planning the Audit Engagement: key ingredients

Chapter 6 Internal Control.

Risk of Fraud and Illegal Acts

Audit Evidence and Working Papers

Chapter 4 Risk Management.

Taking the STANDARDS Seriously

Managing the Internal Audit Function

Business Processes and Risks

Chapter 11 Audit Sampling.

Introduction to Internal Auditing

Chapter 2 The International Professional Practices Framework: Authoritative Guidance for the Internal Audit Profession.

Information Technology Risks and Controls

The Consulting Engagement

Chapter 14 Communicating Assurance Engagement Outcomes and Performing Follow-up Procedures.

Chapter 3 Governance.

Internal Audit Who? What? When? How? Why? In brief . . .

Conducting the Assurance Engagement

Fiona Campbell, ISA 315 Task Force Chair & Deputy Chair of the IAASB

Presentation transcript:

Conducting the Assurance Engagement Chapter 13 Conducting the Assurance Engagement

Chapter 13 Learning Objectives Describe how the purpose of an assurance engagement impacts the audit objectives. Determine engagement objectives and scope statements. Describe different types and sources of information that will help the internal auditor understand the process of conducting an assurance engagement. Document simple process flows, showing key process steps, interfaces, and departments involved. Perform a process-level risk assessment. Distinguish key controls from controls not considered key. Describe how to evaluate the design adequacy of process-level controls. Design different types of testing approaches, depending on the design of the process and engagement objectives. Develop a general work program to guide the engagement process. Describe the resource considerations that must be evaluated when determining how to staff and schedule an engagement. Conduct and document certain types of tests to gather evidence. Evaluate evidence from assurance procedures to reach conclusions based on the results of testing. Develop observations and formulate recommendations. Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-1 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-2 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-3 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-4 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-5 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-6 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-7 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-7 (cont) Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-8 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-9 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-10 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-11 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-12 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-13 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-14 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-15 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-16 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-17 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-18 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-19 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-20 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-21 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Exhibit 13-22 Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

Add slides as desired Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.