tailieunhanh - Harnessing the Power of Continuous Auditing_4

Tham khảo tài liệu 'harnessing the power of continuous auditing_4', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 74 Continuous Auditing Foundation Phase TABLE 6-9-12 Continuous Auditing Frequency Chart Month Satisfactory Results Remediated Results 1 Pass Pass 2 Pass Reportable exception noted 3 Pass Same exception identified 4 Pass Pass 5 Pass Pass 6 Pass Pass 7 No Testing Pass 8 No Testing Pass 9 Pass Pass 10 No Testing No testing 11 No Testing No testing 12 Pass Pass Following Year Internal Audit Discretion Included is to match and validate the testing interval to the production of the business process. The one caution to be aware of is that once you commit to a frequency you cannot alter or adjust it during the testing. This means that you cannot start off a continuous auditing program with the 6-9-12 testing frequency and then decide in month 3 to switch to quarterly since you did not identify any reportable exceptions and you believe the process is working as designed. There is not enough testing evidence through the first 3 months to conclude on the results as part of your continuous auditing methodology unless you complete the full cycle of testing. Do not be fooled early on by positive results. Complete the testing and truly identify the strength of the existing control environment. TESTING TECHNIQUE The final step in completing the continuous auditing methodology foundation is the determination of the testing technique to be used to perform the actual validation of the selected sample. In this section we discuss different Testing Technique 75 techniques that could be used. Ultimately the technique chosen will depend on the type of business process control being reviewed. Choosing a testing technique for a continuous auditing program is exactly the same as choosing one for a full-scope audit. The business process is reviewed controls are identified to be tested and the corresponding testing technique is executed for control validation. In this section we identify and discuss four different testing techniques that can be used in the continuous auditing program .