The manual is intended to provide guidance on carrying out a risk based internal audit. It aligns with the Performance Standards of the International Standards for Scoping the audit work; Determining and scoring risks; Audit testing; Report writing; A spreadsheet illustrating the audit work carried out.
The manual is based on an audit of accounts payable derived from the plan in Book 2 Compiling a risk and audit universe. Click on the button to download. Commission on Audit INTEGRATED RESULTS AND RISKBASED AUDIT MANUAL FORMS AND TEMPLATES (Funded by The World Bank IDF Grant No. TF ) SEPTEMBER 2011 The need for an IntegratedResults and Riskbased Audit Integration is defined in this manual as the establishment of a common public sector audit approach and a consistent set of audit processes that reduces redundant activities, Riskbased internal auditing Thus the manual (how to audit) is on the left page and the audit file (the example) is on the right.
Ive tried to differentiate the two documents by using different headers and fonts. The manual is split into sections, which have a standard format: the audit plan using a riskbased approach (treasury, risk management, credit, HR, IT, etc) and write new audit policies, procedures and the manual.
We also run an Key considerations for your internal audit plan Enhancing the risk assessment and addressing emerging risks Insights on governance, risk and compliance The department must Stakeholders selfassess risk based on GRC solution containing dynamic risk database Collaboration Internal audit attends interviews with RISK BASED INTERNAL AUDIT COURSE OBJECTIVE The objective of this course is to clarify the principles of Internal Audit along with the Audit process and arm internal auditors with a good knowledge of risk based audit.
CONTENT: Concepts and principles of Internal Audit Prefield audit Risk Based Internal Auditing& Enterprise Risk Management What we will cover today: 1. Riskbased Internal Auditing the new approach for Management Audit The Director, Internal Audit is responsible for developing a risk based Audit Plan that includes areas subject to regulatory review, each fiscal year. The Audit Plan is a written Internal Audit Manual v Ministry of Finance v TABLE OF CONTENTS Pages PREFACE CHAPTER I INTERNAL AUDIT SERVICES FRAMEWORK AND STRUCTURE 1 1.
Background1 2. Management Responsibilities and Accountability Framework 1 3. Organizational Structure of Internal Audit Services 2 4. The Internal Audit Charter 2 5. Definition and Purpose of Internal Audit 3 6. A. Risk Based Internal Audit Manual Chapter One Audit Procedures 1. 0 Introduction 29 1. 1 Audit procedures 29 1. 2 Master Audit Plan 29 1. 3 Preparation of Audit Plan 29 1. 3. 1 Prioritization for audit 29 Formation of Audit Team 30 Chapter Two Control Risk assessment