tailieunhanh - Harnessing the Power of Continuous Auditing_6

Tham khảo tài liệu 'harnessing the power of continuous auditing_6', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 136 Continuous Auditing Reporting and Next Steps many words should be required to illustrate and convey the risk and impact of the identified gap between the actual testing performed in the execution phase and the business unit standard identified in the foundation phase. If the overall opinion and the continuous auditing objectives have been rated consistently and the exceptions are built using the five-component approach independent readers will be able to follow the information and link the exception detail to the objective rating that in turn will tie directly to the overall report opinion. Background Section Describing the Business Process Reviewed The final component that should be included in the continuous auditing report is the background. Background for reporting purposes is the section that provides a high-level overview of the business unit that partnered with internal audit on the continuous auditing program. Although the background section should be the simplest to create it usually ends up being one of the hardest sections to draft. Internal auditors experience so many challenges as they create the background section because they tend to include every detail of the business unit function their assumption is that such a level of detail is necessary for independent readers to understand what the business unit does. In reality the background section does not have to be at a granular level and explain every task that the target business unit produces. Especially for a continuous auditing program the background section should be focused on the particular objectives related directly to the controls identified in the foundation phase of the methodology. When drafting the background section of your continuous auditing report go back and review the foundation phase details before beginning to write. This quick refresher of the continuous auditing objectives will help you focus on what details need to be included in the background section. The background does