The Audit Process

• Select audit engagement from Master Audit Plan.
• Notify department head of audit plans.
• Commence audit by obtaining understanding of how the system works.
• Document system.
• Evaluate adequacy of controls in the system.
• Test existing system controls.
• Identify control concerns, risks and alternative control improvement recommendations.
• Discuss audit findings with auditee and reach agreement in principal to the audit issues.
• Prepare formal audit report noting findings and recommendations and send to auditee.
• Receive audit report responses from auditee.
• Issue report in final, with responses from auditee.