This plan is uploaded to be use as a sample to help people to get an idea. This internal audit plan is prepared for an automotive business activity. I hope it will be useful.
There are various types of Audit which are mentioned below: -
Based on Organizational Structure
Statutory Audit
Non-Statutory Audit
Based on Scope
Complete Audit
Partial Audit
Based On Time
Continuous Audit
Final Audit
Interim Audit
Based on Object
Special Audit
Cost Audit
Management Audit
Internal Audit
Social Audit
Tax Audit
Proprietory Audit
Statutory Audit is compulsory audit prescribed under statute i.e. law. Statutory audit is conducted after preparation of final accounts.
Non-Statutory Audit
Non-Statutory Audit is voluntary audit. They are not compulsory under any law.
Complete Audit
In this type of audit, the auditor is required to check each and every transaction recorded in the books of accounts.
Partial Audit
In Partial audit, the auditor is not required to examine all the books of accounts.
Continuous Audit
Continuous Audit means an audit at regular intervals throughout the accounting year.
Final Audit
Generally, it starts after the close of the financial period.
Interim Audit
Interim Audit is an audit conducted in between the annual audits
Special Audit
Central Government has power to order a special audit of the accounts of a company for a specific period.
Cost Audit
It is a type of audit which involves verification of cost records maintained by the organization
Management Audit
Management audit involves examines of the plans, policies, procedure, method and strategies and evaluates the performance of management with a view to improve organizational effectiveness. It does not look into the past, present but also in the future.
Internal Audit
Internal Auditing is a continuous, critical review of financial and other operating activities by a staff of auditors, functioning as full time salaried employees.
IBM Cognos - Hälsokontroll på ekonomiavdelningen med mål att bli värdeskapareIBM Sverige
Som en en spinoff från IBM's CFO survey 2010, ger vi dig möjligheten att staka ut vägen hur du skall bli bättre än dina konkurrenter. Denna presentation hölls på IBM Cognos Performance 2010 av Jonas Berg, Sr Managing Consultant, Business Analytics & Optimization, IBM
This plan is uploaded to be use as a sample to help people to get an idea. This internal audit plan is prepared for an automotive business activity. I hope it will be useful.
There are various types of Audit which are mentioned below: -
Based on Organizational Structure
Statutory Audit
Non-Statutory Audit
Based on Scope
Complete Audit
Partial Audit
Based On Time
Continuous Audit
Final Audit
Interim Audit
Based on Object
Special Audit
Cost Audit
Management Audit
Internal Audit
Social Audit
Tax Audit
Proprietory Audit
Statutory Audit is compulsory audit prescribed under statute i.e. law. Statutory audit is conducted after preparation of final accounts.
Non-Statutory Audit
Non-Statutory Audit is voluntary audit. They are not compulsory under any law.
Complete Audit
In this type of audit, the auditor is required to check each and every transaction recorded in the books of accounts.
Partial Audit
In Partial audit, the auditor is not required to examine all the books of accounts.
Continuous Audit
Continuous Audit means an audit at regular intervals throughout the accounting year.
Final Audit
Generally, it starts after the close of the financial period.
Interim Audit
Interim Audit is an audit conducted in between the annual audits
Special Audit
Central Government has power to order a special audit of the accounts of a company for a specific period.
Cost Audit
It is a type of audit which involves verification of cost records maintained by the organization
Management Audit
Management audit involves examines of the plans, policies, procedure, method and strategies and evaluates the performance of management with a view to improve organizational effectiveness. It does not look into the past, present but also in the future.
Internal Audit
Internal Auditing is a continuous, critical review of financial and other operating activities by a staff of auditors, functioning as full time salaried employees.
IBM Cognos - Hälsokontroll på ekonomiavdelningen med mål att bli värdeskapareIBM Sverige
Som en en spinoff från IBM's CFO survey 2010, ger vi dig möjligheten att staka ut vägen hur du skall bli bättre än dina konkurrenter. Denna presentation hölls på IBM Cognos Performance 2010 av Jonas Berg, Sr Managing Consultant, Business Analytics & Optimization, IBM
Governance, Risk, and Compliance ServicesCapgemini
Capgemini’s integrated and centralized approach to Governance, Risk, and Compliance (GRC) breaks through traditional functional silos to deliver effective enterprise risk management and compliance as a continuous process. We help organizations manage a range of enterprise risks in the areas of IT, finance and accounting, operations, and regulatory compliance with flexible solutions comprised of a highly qualified CPA and CISA talent pool, innovative tools, and our unique collection of GPM best practice processes and controls.
Building control efficiency: Rationalization, optimization and redesign Vladimir Matviychuk
Increased government reporting requirements have forced those responsible for internal controls to do more. The global recession has required them to do more with less. While regulators press for accountability, investors press for performance. Now, those responsible for internal controls must now take charge by assessing their processes and tools, and execute on efforts to make them as efficient – and effective – as possible. Those able to optimize their controls will be more able to move past compliance toward improved performance and competitive advantage.
Understanding the who, what, why, and when of quality is essential in implementing an effective Quality Program. It requires a combination of distinct disciplines: Quality Assurance, Quality Control, and Quality Improvement. They are three unique disciplines which, when used together, can improve the efficiency and effectiveness of any organization leading to reduced cost and increased customer satisfaction.
ProcessGene develops forward-thinking GRC software solutions, designed to serve multi-subsidiary organizations. The company has been acknowledged as a market leader and innovator by the most important analyst firms. Businesses and governments worldwide use ProcessGene solutions to manage and control risks, assure compliance to policies and regulations, manage corporate governance programs, and perform internal audits.
ProcessGene’s Multi-Org technology enables synchronized management of several business process models (e.g per subsidiary), all linked to a centrally controlled, global business process baseline.
ProcessGene also offers a full range of Multi-Org Business Process Management (BPM) solutions. For more information, visit www.processgene.com.
http://www.processgene.com//index.php?pageIndex=grc-solutions
Financial Planning Best Practices and IBM Cognos TM1 DemonstrationSenturus
Learn about best practices for financial planning and analysis (FP&A) solutions that are independent of software platform. View the video recording and download this deck: http://www.senturus.com/resources/ibm-cognos-tm1-demo-and-financial-planning-best-practices/.
Senturus experts demonstrate use of IBM Cognos TM1, a high-performance enterprise planning software for budgeting, forecasting and analysis.
Senturus, a business analytics consulting firm, has a resource library with hundreds of free recorded webinars, trainings, demos and unbiased product reviews. Take a look and share them with your colleagues and friends: http://www.senturus.com/resources.
From 'Zero Defect Software' to 'First Time Right with Business'Cognizant
Quality Assurance (QA) departments now need to go beyond zero defect software delivery to encompass both IT and business requirements through end-to-end testing protocols. Representing a true step change for IT organizations, business process assurance entails a blend of analytics-driven Business Process Testing (BPT) and User Acceptance Testing (UAT).
Unlocking the Value in Warranty ManagementCognizant
With the right combination of advanced systems and processes around warranty management, manufacturers can unlock value such a reduced costs, improved product quality, faster turnaround and better customer experience.
Managed Services Balanced Scorecard Presentation By Sourcing GurusSystems Plus Solutions
The March 18, 2010 Webinar program featured a presentation on “Use of Balanced Scorecards and Dashboard to impact Financial Performance of Outsourcing Relationships” by Sourcing Gurus. The Webinar was hosted by International Association of Outsourcing Professionals (IAOP), a powerful association of world’s leading outsourcing customers, providers & advisors.
Speakers:
Mike Wind, Director, IT with Collective Brands Inc.
Kapil Sanghi and Ratish Pandya, Principal Consultants with Sourcing Gurus
Gain business insight with Continuous Controls MonitoringEmma Kelly
Audit, Risk and Compliance managers have both an obligation and an opportunity to help their companies manage the most critical risks the current environment has either created or magnified. Now more than ever, organizations need to transform internal controls testing process from a manual collection of evidence to fine-grained monitoring controls that track user access to sensitive functions / data, system configurations, master data and transactions in
business-critical systems.
Continuously monitoring your business in real-time with actionable insight visible on drill-down, modern, dynamic dashboards allows for completeness and accuracy as well as time-efficient, cost-effective risk management decisions.
In this session, you will learn how Continuous Monitoring together with effective controls can prevent business losses and reduce the cost of audits. We will share best practices and provide case studies of clients that have automated monitoring controls in business-critical applications such as Oracle E-Business Suite and Oracle Cloud ERP to prevent risks in significant business processes such as Procure-to-Pay, Order-to-Cash, Hire-to-Retire, and Financial Record-to-Report.
Join Oracle GRC pioneers Appssurance Founder and CEO Brian O’Neil and SafePaaS CEO Adil Khan.
Practicalities in Delivering World Class FinanceDan French
‘Optimising Finance Processes without costly change’
The keys to success in the World Class Finance Journey is the topic of this joint webcast between Consider Solutions and The Hackett Group. Surveys show CFO priorities remain focused on reducing costs, driving process efficiency and effectiveness and improving business insight and management decision support. However,
- How do we measure ‘world class’ and what are the practicalities in achieving this state?
- Can we do this without costly, structural change?
- What are the strategies, tactics and techniques?
David Mitchell, an experience Principal at The Hackett Group, explores best practices, innovative tools and proven approaches to drive process improvement and cost efficiency. Hear David and Dan french, CEO at Consider Solutions, as they go through:
- Defining and benchmarking world class performance
- Designing/Refining the optimal model for the organisation
- Identifying and prioritising Quick Wins through process performance analysis
This executive briefing is an excellent opportunity for all senior finance professionals embarking on the journey to World Class Finance.
Leading Indicators: What's so KEY about your KPIsDan French
Watch this fascinating webinar and explore the challenges of KPIs as lagging indicators and how, by switching mainly to leading indicators, you can genuinely transform focus and performance.
KPIs in shared services are the most commonly broken instrument in use by management in today’s business environment. In a desire to drive increased efficiency and better outcomes for customers, and with the mantra ‘what you can’t measure you can’t manage’ ringing in our ears, management are collecting data that relates to performance but typically does not DRIVE performance.
We are seeing KPIs that are:
- detrimental to the overall success of the business and;
- encouraging the ‘gaming’ of KPIs for achievement of personal or departmental objectives
The core issues is that lagging indicators, today’s typical KPI set, measure only outputs. We need LEADING indicators to measure and drive the insight and decision making that produces improved performance. We will also be looking at the role of leading indicators, including the Key Exception Indicators and examples of best practices. We will share the Top KPIs in use today, challenge them and share a more balanced approach for driving winning behaviour.
In particular we are examining:
- Leading and lagging Indicators across shared services processes
- The challenge of traditional lagging KPIs
- The most common KPIs for shared services
- How to use indicators to drive behaviour
- How to engage the customer
- Developing an AID-Board
Risk, Control & Compliance with INFOR ApprovaDan French
Second event of the 2014 GRC series, this webcast looked at one of the leading GRC platforms, INFOR Approva Continuous Monitoring, and invited Steve Buchner of Sonova to share his experiences and insights.
Ever greater demand for better visibility and better control over financial business processes and results require management to apply more sophisticated techniques for control and assurance. As such, data analytics and controls intelligence for the Finance, Risk and IS functions have become critical capabilities to ensure that financially relevant processes are operating as designed and in compliance with organisational governance and audit requirements.
Watch the recording below and meet Steve Buchner of Sonova, the world leader in hearing solutions. With 18 years of experience in ERP, IT management and strategy, Steve shares his GRC journey experiences, challenges and insights. He is joined by Steve Rooney, an experienced Risk and Controls expert and recognised INFOR Approva practice leader, who explores best practices in exploiting the Approva family of tools for effective management of Segregation of Duties (SoD), User Access Controls, Process Controls, Transaction Monitoring and Automated Control Reviews for the finance and assurance functions.
Moderated by Dan French, CEO of Consider Solution, this panel of experts addresses:
- Visibility over Financial Processes & Controls
- The 3 Lenses of Insight – Control & Compliance, Fraud and Operational Risk Management, Finance Process Optimisation
- High Impact Results with INFOR Approva
- Critical Success Factors – best practices
- The Sonova experience
- Entry Points for Deeper Insight
- Q&A
Confidence in Financial Control with ACLDan French
This webcast was first in a series of events dedicated to Governance, Risk & Compliance (GRC) strategies and tools. Throughout 2014 we will be sharing best practices in financial control, compliance and risk monitoring from the perspective of different platforms such as ACL, INFOR, SAP, Oracle & others.
Watch Robin Ashby, an experienced Financial Control expert and recognized ACL practice leader, as he explores best practices in exploiting ACL for intelligent exception analytics for the finance and assurance functions. Moderated by Dan French, CEO at Consider Solutions, the webinar agenda addresses:
- Visibility over Financial Processes & Controls
- The 3 Lenses of Insight – Control & Compliance, Fraud and other Risk Assurance, Finance Process Optimization
- High Impact Analytics with ACL
- Critical Success Factors – Best Practice
- Entry Points for Deeper Insight
- Q&A
Exception analytics - Balancing Risk & ControlDan French
Presented at the 2013 ISACA North American CACS, in Dallas, this talk shares many powerful stories from the experience of the two facilitators, Dan French and Gonzalo Cuatrecasas. These include ERP implementations, audit findings, compliance and process variations across regions.
Inforum 2013: Get Tighter Controls with EfficiencyDan French
April 22nd, 2013 - Inforum Conference in Orlando
This presentation comes at a time when both companies and public sector organizations face increased scrutiny from regulators, auditors, shareholders, and trading partners to assure the integrity of their business processes and safeguard sensitive information. This makes it ever more important for organisations to keep track of the advances in continuous monitoring of business processes
The discussion explores best practice approaches, case studies and business benefits of continuous monitoring. Recent experiences shared in it showcase how effective monitoring of risk and control can drive substantial business value and operational cost reduction.The main focus is placed on ways of ensuring business process optimisation and on key examples from areas such as P2P, O2C, T&E and R2R.
Isaca Sustainable Compliance And Operating Efficiency Dan FrenchDan French
Presentation given at ISACA EuroCACS conference in Frankfurt in May 2009, discussing the approach and experiences in implementing GRC and CCM tools to drive sustainable compliance as well as business operating efficiency through eliminating waste, inefficiency and fraud