What is an audit work plan?

Article by: Guillem Tejeda | Last update: April 10, 2022
Rating: 4.7/5
(36 ratings)

An audit program, also called an audit plan, is a plan of action that documents what procedures an auditor will follow to validate that an organization meets compliance regulations.

What is the audit work plan?

An audit program is a plan of action that documents what procedures will be followed in an audit to verify that an organization complies with internal and external regulations. The financial manager or CFO must be involved in the development of such a program.

What should an audit work plan contain?

During this post we will treat each of them separately, since the mandatory elements are:

    Planning.Communication.Commitment of senior management.Audit preparation.Good attitude.Competent auditors.Control non-conformities.

How is an audit plan drawn up?

When preparing the Audit plan, the Chief Auditor should be aware of:

Appropriate sampling techniques. Composition of the audit team and its collective competence. Opportunities to improve the effectiveness and efficiency of audit activities. Risks for the auditee generated when performing the audit.

What is an ISO 19011 audit plan?

The audit program is a structured document where the audits that are going to be carried out over time for a certain dependency or area of ​​the company (process) are scheduled (NTC ISO 19011: 2018).

15 related questions found

What is the purpose of ISO 19011?

According to the ISO 19011 standard, an audit program must be established that can include all audits that address one or more management system standards or other requirements, carried out separately or in combination, giving rise to a combined audit.

What is the objective of the internal audit plan?

An internal audit seeks to comply with the functions, activities, responsibilities and processes established within the company’s policies. In addition, verify that the accounting information is reliable and monitor that the control system is working properly.

What is an example audit plan?

The audit plan is a document that the leader of the designated audit team, designs and distributes, days prior to the completion of each audit, must carry out a more detailed planning of the audit, the degree of detail and the content of the audit plan. , it can differ, for example, between the audit …

How to carry out an audit examples?

What steps do I have to follow to carry out a financial audit?

    Knowledge and understanding of the entity. Objectives and scope of the audit. Preliminary analysis of internal control. Analysis of risks and materiality. Specific planning of the audit. Preparation of audit programs.

What is audit and what are its objectives?

An audit makes company teams responsible for ordering and improving their internal processes and controls, generating operational efficiencies and best practices in the execution of their operations. They also make it possible to study whether legal regulations are being complied with or not.

What is an internal audit plan?

The Annual Audit Plan is the document formulated and executed by the work team of the Internal Control Office, whose purpose is to plan and establish the objectives to be met annually to evaluate the effectiveness of the operation, control and governance processes.

What is the audit and what are its steps?

The audit process is a set of techniques and practices carried out jointly when evaluating and measuring in depth the weaknesses and strengths of a company or organization.

When should an audit be carried out?

How and when to carry out an audit

    At the time it is scheduled. … Whenever requested and deemed necessary. … Whenever important changes occur in the Quality Management System. When faults and quality problems are detected and it is necessary to assess their origin.

What is the importance of internal auditing?

A cornerstone of strong corporate governance, internal audit bridges the gap between an organization’s management and its governing committee, assesses the ethical environment and the effectiveness and efficiency of operations, and serves as the organization’s safety net for compliance. rules, regulations and…

Where does ISO 19011 apply?

ISO 19011 Guidelines for the audit of management systems is an international standard developed by the International Organization for Standardization (ISO), which establishes the guidelines for the audit of quality management systems.

What are the stages of an audit process?

    Planning of the audit.Assignment of the audit team.Execution of the audit.Preparation of the report.Distribution of the report.Follow-up of the actions.

How many phases does an audit have?

The number of stages is a variant that is associated with the criteria and opinion of each professional, however, and respecting the criteria that each one may have in this regard, we consider three basic stages to carry out an audit, which are: Planning, Execution ( Field Work) and Issuance of Reports.

How to make an internal audit plan?

To carry out the annual plan, it is necessary to evaluate the level of risk inherent in the processes, identify the requirements of the audit committee and management, know what the legal requirements are for internal auditing, and document possible findings and opportunities for improvement that arose in the plans. of …

How is an internal audit program done?

Step by step to carry out the ISO 19011: 2018 internal audit program

Define objectives.Analysis of Risks and Opportunities.Define the Scope.Schedule the audits (calendar or schedule).Define the type of audits (internal, external, 1st, 2nd or 3rd part).Define the audit criteria(s).

How is an internal audit done?

5 Steps to an Effective Internal Quality Audit

Plan and set a schedule. … Engage Senior Management and the work team. … Perform the audit. … Record and present the results. … Follow up on the report’s recommendations.

What is the audit and how is it classified?

Concept of audit and its classification from the point of view of accounting Concept: it is a compilation, accumulation and evaluation of evidence on information of an entity, to determine and report the degree of compliance between the information and the established criteria Concept of audit: In its …

How is the accounting audit classified?

There are multiple classifications of audits, internal or external, public or private,… but all of them provide guarantees to those who are going to invest their money. They ensure that the accounts are correct.

How is the audit classified by its mode of exercise?

b. – Due to the mode of exercise, it is classified into External Audit and Internal Audit.

How is an internal audit classified?

Types of internal audit

– Environment Audit: this process is related to marketing and covers the analysis of the most important forces and trends of the macro-environment and the environment. Your task is to analyze the market, the competition, customers, suppliers, etc.

How to make an ISO 9001 audit program?

Steps to carry out an internal ISO 9001 Quality audit

Review of records. Interview with the person(s) in charge of the process. Data analysis. Observation of the process in execution. Collection of evidence.
Always Check Techlyfire for more faq’s related articles.

Leave a Comment