Audit Planning Process
The platform used to perform Audits
What is Workiva? (Also known as Wdesk)
The primary objective of fieldwork in an Audit
What is to gather evidence, assess controls, and validate risks?
This group is informed throughout the year when changes to the Audit Plan occur
What is the GD Audit Committee?
A diagram that shows how the Business Unit (BU) is structured and who reports to whom
What is the Organization Chart?
*Daily Double*
This Business Unit (BU) built the first U.S. Navy submarine
*Bonus Question* (50 points): The first U.S. Navy submarine was launched in year/decade
What is Electric Boat?
*Bonus Answer*:
- What is 1897 (launched in 1890s)?
The purpose of the Scoping Call in Audit Planning
What is to confirm the scope, key risks, and focus areas for the audit?
The week that the SMS primarily on-site for fieldwork
What is Week 1?
*Daily Double*
The 3 lines of defense that Internal Audit operates within
What is Business Unit Operations (1st), Risk Management & Compliance (2nd), and Internal Audit (3rd)?
One role participates in multiple audits per year, while the other supports a single audit as needed.
What is the difference between an SMS and a Guest Auditor (GA)?
Unit known for shipbuilding, including both Bath Iron Works and NASSCO among its operations
What is Marine Systems?
The first Audit deliverable to the Business Unit (BU)
What is the Timing Memo?
Where the timeline for the audit meetings can be found
What is the Interview Request List (IRL)?
The group that provides oversight, approves the audit plan, and reviews audit results
What is the GD Audit Committee?
Where completed requests from Business Units (BUs) can be viewed
What is the 'Request' section in Workiva (Wdesk)?
M1 Abrams Tanks, Pandur II, 155 MM Artillery
What are the Combat system's major products?
*Daily Double*
This document is for the Business Unit (BU) and outlines the Audit’s scope, objectives, and timing
What is the Audit Notification Letter (ANL)?
The 3 major finding categories
What are Observations, Process Improvements, and Leading Practices?
The person (or group) whose approval you need prior to releasing an Audit Program
Who is (are) the Staff VP GD IC ?
How an SMS adds value to the Audit process
What is by providing technical expertise and offering insights on business risks and controls?
Business Unit (BU) with the only full-service shipyard on the West Coast of the United States
What is NASSCO?
Used to capture any potential discussion points noted during Planning
What is the Discussion Point Tracker?
This document is provided by the Audit team to communicate travel expectations
What is the Travel Logistics One-Pager?
Required to be completed by Internal Audit once every 5 years to comply with IIA Standards
What is an External Quality Assessment?
The next step after detecting a potential Control Weakness during Fieldwork
What is to communicate the concern to the Audit team for further evaluation and discussion?
The year of the first flight for Gulfstream 1
What is 1958?