Audit Plan

Outline for Class Project – Audit Plan

(Due April 5, 2015)

The objectives of this project are as follows:

1. To acquaint you with the Strategic Plan of Federal Agencies and departments’ audit

organization.

2. To acquaint you with the steps agencies used to develop an internal audit strategic plan:

a) Understand the organization’s objectives. b) Understand stakeholder expectations. c) Update the internal audit vision and mission. d) Define the critical success factors. e) Perform a strengths, weaknesses, opportunities, and threats (SWOT) analysis. f) Identify key initiatives.

Detailed Instructions

a) The audit organizations objective(s), b) The audit organization’s stakeholder and stakeholder’s expectations, c) The audit organization’s mission, d) The audit organization’s vision, e) The audit organization’s goals, f) The audit organization’s structure, g) The resource requirements for the audit organization to achieve its objectives a. budget

b. employees c. equipment h) The audit organization is located?

i) Discuss the key internal and external factors that are important to achieving the organization’s strategy

2. Obtain a copy of the audit organization’s Semi-annual Report to Congress for 2 recent periods, preferably March 2014 and December 2014. The reports should discuss the following topics:

a) The number of reports the organization issued per semiannual report to Congress in March 2014,

b) The number of reports the organization issued per semiannual report to congress in September 2014,

c) The organization’s mission, d) The organization’s vision, e) The organization’s core values, f) The core mission areas that were discussed, g) Type of reports the organization issued, h) Number of findings that were issued, i) Monetary benefits,

1. Select a federal agency or department to obtain a copy of the agency/department most recent Strategic Audit Plan. Prepare a report to address the following questions:

k) Compare the audit organization’s mission and vision in the audit plan to the audit organization’s mission and vision listed in the Semi-annual Report to Congress for

September 2014.

j) Compare the audit organization’s Semi-Annual Report to Congress for March 2014 to Semi-Annual Report to Congress for September and discuss the different.

3. Obtain a copy of the audit organization’s chart. The report should discuss the following topics:

a. Who is the Chief Audit Executive (Director, Inspector General, etc.?

b. Who does the CAE report to within the agencies?

4. Prepare a PowerPoint slide and post the presentation in the conference folder for other classmate to review and provide feedback. Also, you need to review and provide feedback to one of your

classmate PowerPoint Slide. No more than 10 slides.

5. The report and PPT should be posted in the Assignments folder.

The assignment will be graded as follows:

Item Content Style Total

1 25% 10%

2 20% 5%

3 15% 5%

4 10% 10%

70% 30% 100%