L/O/G/O

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ห�องปรั้ะชุ�ม 1101 ชุ��นิ 11

25 ม�ถุ�นิาย์นิ 2554

ContentsContents

Overall Auditor Toolkit

Managing the Internal Audit Activities

Example - Internal Audit tools

1

2

3

What is next 5 years for Internal Audit tools?

4

Key Success for Internal Audit toolkit 5

1. Overall Auditor Toolkit 1. Overall Auditor Toolkit

• Balanced scorecard • Risk-based audit planning• Control self-assessment• The IIA’s quality assessment review tools• Benchmarking• Analytical review• Statistical Sampling• Total quality management techniques• Working Paper/ Worksheet

Manual ToolManual Tool

Automated Tool

Automated Tool

• Working Paper/ Worksheet• Process mapping application• Flowchart software• Process modeling software• Computer-assisted audit technique• Continuous/real-time auditing• Electronic workpapers• Data mining• Other electronic communication (e.g., Internet, e-

mail)

50%

15%30%5%

Communication Results

Communication Results

Engagement Plan

Engagement Plan

Performing the

Engagement

Performing the

Engagement

MonitoringMonitoring

Managing the Internal Audit Activities2

Managing the Internal Audit Activities2

Performing the Engagement

(M2)

Engagement Plan (M1)

Communication Results (M3)

Monitoring (M4)

• Risk Management

• Preliminary Survey

• Work Schedules

• Work Program• Working Paper

• Collect Data• Recording• Analysis &

evaluate residual risks

• Prioritized summary

• Issue Draft Report

• Exiting Meeting• Final Report

• Following • Timely Report

• Information/analysis requested from management• Notes on meetings with management and others• Materiality (Litigation, claims and non-compliance)• Risk assessment procedures –planning & execution• Engagement scoping/summary of assessed risk• Initial audit engagement – opening balances• Overall audit strategy• Group audit planning• Manpower Planning• New engagement – acceptance• Existing engagement – continuance• Detail budgeting

• Draft Report• Agreed Action Plan• Final Audit Report• Exit Meeting• Follow up Planning• Remind/Warning Letter

• Worksheet – Overall response• Worksheet – Further audit procedures• Worksheet – sampling – test of detail• Worksheet – substantive analytical procedures• Worksheet – sampling – testing of controls• Worksheet – tests of controls – pervasive controls• Worksheet – using the work of an auditor’s expert• Worksheet – going –concern evaluation• Confirm Letter - summary of external confirmations• Worksheet – accounting estimates • Litigation, claims and non-compliance• Subsequent events• Worksheet – related party transactions• Use of journal entries• Library of customized risk response procedure

• Identifying risks through understanding the entity• Worksheet - business and fraud risk identification• Worksheet – understanding accounting estimates• Worksheet – understanding related parties• Risk assessment – business/operating• Risk assessment – fraud• Worksheet – analytical procedures• Going concern – identifying events and conditions• Pervasive (entity – level) control – design/implementation• Control design/implementation – main business cycle :

Receivable, Fixed Asset, Financial Reporting, IT• Worksheet – internal control documentation and

implementation• Library of typical control activities• Worksheet – summary of control/inherent risk assessments

Example - Internal Audit toolkit3

M 1M 3- M4

M 2

1. Computer-assisted audit techniques

2. Electronic work paper

3. Continuous/real-time auditing

4. Risk Based Audit Planning

0% 20% 40% 60% 80% 100%

55%

52%

52%

63%

5. Control Self Assessment 44%

What is next 5 years for Internal Audit tools?

4

Understanding Serve Audit Objective Costing Fresh Summary the key finding

Key Success for Internal Audit toolkit 5

190423/ / วิ�ชาญอั�ศวิรั�งสี�

9

References and RecommendedReferences and Recommended A component of the CBOK study, What’s Next for Internal auditing,

The Institute of Internal Auditors www.auditorroles.org/auditor-toolkit/index.html www.nzica.com/audittoolkit.aspx

L/O/G/O

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