Operational Auditing--Spring Evidence = Support  Auditors collect information  Evidence should be sufficient, competent, relevant & useful  Methodology determined in advance  Supervision should be employed  Documentation should be included in working papers

Operational Auditing--Spring Attributes of Evidence  Sufficient: convincing  Competent: reliable  Relevant: consistent with objectives  Useful: goal oriented

Operational Auditing--Spring Types of Evidence Based on Procedure  Interviews  Recomputation  Detailed testing  Observation  Scanning  Statistical sampling  Confirmation  Analytical procedures

Operational Auditing--Spring W/P Documentation- Introduction  Efficient  Able to stand-alone  Clear  Relevant

Operational Auditing--Spring W/P Model  Audit program summarizes the work  Documentation and evidence supports the conclusions

Operational Auditing--Spring Supervision  Audit staff instruction  Individual work review  Working paper review  Report review  Audit objective assurance

Operational Auditing--Spring Expanded Testing Purposes  Detailed review  Compliance testing  System or performance evaluation  Exh. 9-1 (p. 365) & Exh. 9-2 (p. 372): examples

Operational Auditing--Spring Expanded Testing Criteria  Directly related to the risk examined  Efficient in design  Feasible with respect to the auditors’ abilities