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This book, ‘Audit Report: Model and Sample’, contains a model of an audit report and a real sample from an IT Audit assignment (data of client not disclosed for privacy and confidentiality......
This book, ‘Audit Report: Model and Sample’, contains a model of an audit report and a real sample from an IT Audit assignment (data of client not disclosed for privacy and confidentiality issues).
This has been used effectively in various types of internal and external audit assignments as well as consulting assignments, especially in reviewing internal controls for all types of companies.
These types of audit include:
(1) Financial Auditing (also called ‘statutory auditing’), which involves reviewing the adequacy of internal accounting controls of the organization in terms of accuracy, completeness and validity of financial information, financial reports and of the underlying accounting systems and records,
(2) Operational (Performance) Auditing, which includes reviewing the strategic and operational performance of the whole organization or specific business processes or departments, focusing on the efficiency and effectiveness of these processes and the associated management controls,
(3) Compliance Auditing, which relates to reviews of compliance or conformity of the organization with relevant legislation, regulations, standards, internal policies and guidelines, and
(4) IT Systems Auditing, which pertains to reviews of effectiveness, accuracy and efficiency of IT general (e.g., IT organization, administration, security, etc.) controls as well as the IT application controls (e.g. accuracy of data and transactions processed and maintained of specific corporate computerized application systems) related to information technology and telecommunications systems, facilities and projects of the organization.
Other types of audits are: Follow-up audits, Investigating audits, Integrated audits, Quality audits, ISO audits, Tax audits, IT Security audits, Continuous audits, Due Diligence Process audits, etc.
The work of all these audits is carried out by Internal and External Auditors and Management Consultants on the basis of an audit or evaluation strategy, a plan, and a methodology with specific audit objectives, and with the assistance of audit programs, audit checklists, test computerized application systems, and computer assisted audit tools and techniques, like CAATTs, etc.
The objective of this book is to provide any business owner, company director, senior manager, auditor, other stakeholder, etc., with a useful set of practical tools to assist and support them in their business performance management system audit and implementation, using any performance model (BSC, EFQM, Six Sigma, etc.).