1. Operational Auditing--Spring 20061 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

2. Operational Auditing--Spring 20062 Attributes of Evidence  Sufficient: convincing  Competent: reliable  Relevant: consistent with objectives  Useful: goal oriented

3. Operational Auditing--Spring 20063 Types of Evidence Based on Procedure  Interviews  Recomputation  Detailed testing  Observation  Scanning  Statistical sampling  Confirmation  Analytical procedures

4. Operational Auditing--Spring 20064 W/P Documentation- Introduction  Efficient  Able to stand-alone  Clear  Relevant

5. Operational Auditing--Spring 20065 W/P Model  Audit program summarizes the work  Documentation and evidence supports the conclusions

6. Operational Auditing--Spring 20066 Supervision  Audit staff instruction  Individual work review  Working paper review  Report review  Audit objective assurance

7. Operational Auditing--Spring 20067 Expanded Testing Purposes  Detailed review  Compliance testing  System or performance evaluation  Exh. 9-1 (p. 365) & Exh. 9-2 (p. 372): examples

8. Operational Auditing--Spring 20068 Expanded Testing Criteria  Directly related to the risk examined  Efficient in design  Feasible with respect to the auditors’ abilities