Operational Auditing--Spring 20085-1 Audit Preparation n Establish obj. & scope n KTT--Gather background info n Select resources n Contact auditee n Prepare.

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Presentation transcript:

Operational Auditing--Spring Audit Preparation n Establish obj. & scope n KTT--Gather background info n Select resources n Contact auditee n Prepare preliminary program n Report planning n I/A approval

Operational Auditing--Spring Nature of Objectives n Review n Compliance n Evaluation n Combination of the above n Relate to S-C-O-R-E

Operational Auditing--Spring Scope n What (interest) & How (activity) n Scope is based on: n Adequacy of controls n Effectiveness of controls n Quality of performance

Operational Auditing--Spring Linkage of Obj. & Exam n See page 287 in text.

Operational Auditing--Spring Program Preparation n Audit preparation n Initial survey n Systems review n Detailed operations review (TBD) n Reporting issues n Wrap-up procedures n Exhibit 7-3 on p. 299 n Customizing the program for our class

Operational Auditing--Spring Preliminary Survey n Opening conference n Agenda n Tone & teamwork n On-site tour--MBWA n Document study n BPO analysis—O’Brien 7 n Analytical procedures n Ratios n Objectives KTT

Operational Auditing--Spring O’Brien 7 n Mission statement n Objectives n Resources n Restrictions n Processes n Organization chart n Key management biographies

Operational Auditing--Spring Internal Control Review n Description n Evaluation n Matrix n Objectives n Results n Risks n Controls n Evaluation n Reassessment--Go or no go