Auditing - Home work

Executive Summary

In the first paragraph, describe the audit. Include the audit type (financial, operational, etc.) and any policies and procedures that were reviewed for compliance.

Provide a brief description of the specific division, location, or process under audit.

Audit Objectives

State the overall audit objective. This may include financial accuracy, compliance with policies and procedures, efficiency, effectiveness, etc.

Audit Scope

State what was included in scope, including the time period covered by the audit. Also state what was specifically excluded from scope.

Audit Approach

Describe the audit methodology used in the audit. Examples include interviews, test work, audit sampling, and audit frameworks such as COSO and CobiT.

Summary of Observations

Include a brief summary of the audit observations here, ranked by importance. Each observation should be summarized in three sentences or fewer, with the details given in the body of the report.

Details of Observations

Include the details of each audit observation, in the same order that they were presented in the summary.