tailieunhanh - Harnessing the Power of Continuous Auditing_10

Tham khảo tài liệu 'harnessing the power of continuous auditing_10', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 260 Appendix When applicable formal action plans to address the identified control gaps are required. II. Continuous Auditing Program Outline Testing Overview Target Area Selection The specific area to be tested will be selected from the current audit universe based on risk audit frequency and applicability of use meets the continuous auditing program testing requirements . Target areas will include high-risk high-transaction-volume areas. Document the Testing Objectives The testing objectives will be created from the business objective and specifically state the purpose of the continuous auditing testing. The objective must be clear and adequately state what is going to be tested. The scope statement must detail the controls that are going to be included in the testing and all aspects of the business process that are not being tested as part of the continuous auditing program. Frequency Determination The selected frequency must be detailed and documented and based directly on the frequency at which the business unit transactions produce a result. Consideration must be given to the number of transactions in the population as well as the dollar values where applicable . Once the frequency has been determined all associated testing must be completed as planned. Documentation Requirements The testing plan will be documented and specifically detailed for each target area identified thus maintaining consistency and efficiency. The documentation must be able to stand alone and completely represent the reason the work was performed and the associated Mainardi Associates Copyright 2010 Appendix 261 documentation to support the testing conclusion. Ensure that there is sufficient documented evidence to support the continuous auditing testing conclusions. Test Approach Communication Once the continuous auditing planning has been completed in partnership with your business management client it should be properly documented and communicated directly to the client. Internal .