Internal Audit

1. INTERNAL AUDITOR
2001-2005
İÇDAŞ IRON & STEEL
SOME EXAMPLES OF ANNUAL INTERNAL AUDITS
• Fixed Asset Accounting Review
• Other Liabilities Work Program
o Accrued Property Taxes
o Interest
o Pensions & compensated absences (vacation, illness, holiday)
o Contingent liabilities
o Warranty costs
o Disclosures - amounts due to related parties & nature/magnitude all accruals
• Accounts Receivable Audit/Collections Review
• Budgeting - Cost Estimation Work Program
• Physical Security Work Program
• Corporate Treasury Review
o Verify existence of cash balances.
o Verify accuracy and cutoff of cash transactions.
o Check for off-ledger cash accounts.
• Third Party Labor Contracts
• Sales Commissions Audit
• Pricing & Discounts Audit
• Export Compliance Audit
o Obtain an understanding of the export compliance policies and procedures and
related processes.
o Evaluate the adequacy and effectiveness of the key internal controls
o Evaluate effectiveness of the export controls compliance process.
o Evaluate compliance with corporate policies and procedures.
o Identify opportunities for internal control and process improvements.
o Evaluated the internal control environment against the elements needed for an
effective anti-dumping issues as established by the U.S. Department of Commerce,
Bureau of Export Administration.
• Order Management Process Audit
• Expense Reporting Audit
o Spending Authority
• Travel & Expense Reporting Audit
• Information Technology Audit
o Security, Audit, and Control of IT Department – General
o Disaster Recovery Plans
• Logistics & Shipping Audit
• Shipping And Receiving Review
• Management Approval Process