Planning Roles & Responsibilities
This individual plays a vital role in the overall execution of planning phase
Senior Auditor - Lead
The name of the repository to where the notification memo is housed
What is Teammate
This is the initial step in information gathering related to the auditable unit.
Review internal audit annual planning documentation (i.e. Annual risk-assessment)
This is what is gained by conducting a high-level process understanding meeting
what is a high-level scope of processes
This is considered the most important document created during the planning process
Audit Planning Memo
These positions schedule the planning meetings
Who are Auditor I & II's
This individual, per the procedures manual, will send the notification memo to the primary Management contact of the Auditable Unit.
Who is the Senior Audit Director or Audit Director
Policies and procedures typically can be obtained via this document.
What is the Audit Notification Memo
what is a process narrative or flowchart
What is A - K
Develops and executes efficient and effective audit plans and also supervises audit teams.
Who is the Audit Manager
Brief description of the function, key dates, names of the Audit team & initial request for information are all included on this document.
What is the Audit Notification Memo
This individual typically will schedule the introduction meeting.
Senior Auditor Lead
This team member typically leads and conducts a walkthrough meeting
Who the Senior Auditor - Lead
Audit entities, risk appetite metrics and final project scope are all included in this document
What is planning memo
This role is responsible for ensuring audit engagements are conducted according to Audit Services policies and procedures.
Who is the Audit Director
The number of days prior to commencement of planning is when the notification memo is sent to the auditee.
What is 30 days (or more)
This is one of the last measures, but sometimes the most valuable, used by an audit team to gather information on the auditable unit.
Independent research
Clearly written, detailed summary of the process and key controls classified are some of the characteristics of this document.
What is a process narrative
Only when detailed walkthroughs are deferred, in whole or in part, to which phase of the audit can a RACM be deferred.
What is fieldwork
He or she supervises assigned auditors on a project by project basis
Who is the Senior Auditor - Lead
A notification memo not sent to auditee at least 30 days out will require this.
Approval of exception from their Audit Leader
Holding an introduction meeting is strongly encouraged in these situations.
first-time audits
These are two primary types of flowcharts utilized to document a process
What are basic and cross functional
Columns O & R were assigned to you for the development of this strategy.
What is testing