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  • Audit Plan Audit Purpose:: Statement of Conformance

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    jessica amoroso
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    The audit plan summarizes an audit of training and learning activities at a multi-national oil company with the following objectives: 1) To assess if training activities align with corporate priorities and are efficiently delivered 2) To audit internal controls training provided to 60 executives over 3-5 months 3) To assist developing a company-wide internal control implementation plan The audit process will involve risk assessment, further audit procedures like document review, and reporting draft and final findings within 3-5 months. Management has agreed to the audit conclusion.

    Original Description:

    Operational Audit

    Original Title

    2105_Activity 1_-Morales-

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    The audit plan summarizes an audit of training and learning activities at a multi-national oil company with the following objectives: 1) To assess if training activities align with corporate priorities and are efficiently delivered 2) To audit internal controls training provided to 60 executives over 3-5 months 3) To assist developing a company-wide internal control implementation plan The audit process will involve risk assessment, further audit procedures like document review, and reporting draft and final findings within 3-5 months. Management has agreed to the audit conclusion.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    16 views3 pages

    Audit Plan Audit Purpose:: Statement of Conformance

    Uploaded by

    jessica amoroso
    The audit plan summarizes an audit of training and learning activities at a multi-national oil company with the following objectives: 1) To assess if training activities align with corporate priorities and are efficiently delivered 2) To audit internal controls training provided to 60 executives over 3-5 months 3) To assist developing a company-wide internal control implementation plan The audit process will involve risk assessment, further audit procedures like document review, and reporting draft and final findings within 3-5 months. Management has agreed to the audit conclusion.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 3

    Morales, Christine Joy D.

    [3rd Year- BSA]


    2105 Operations Auditing

    Audit Plan

    Audit Purpose:
    ● The purpose of the audit is to provide assurance that training and learning activities align
    with corporate priorities, are adequately controlled, and are delivered efficiently and
    effectively.
    Audit Scope:
    ● Audit firm was hired by a multi-national oil company, with multiple subsidiaries, to
    provide inhouse training focused on internal controls to 60 key accounting and audit
    executives and managers.
    ● The company also requires you to assist them in developing a detailed company-wide
    internal control implementation plan.
    ● Audits consist of 3 to 5 months of work

    Statement of Conformance
    The Audit of Learning and Training conforms with the Internal Auditing Standards for the
    Government of Philippines as supported by the results of the quality assurance and
    improvement program.

    Internal Audit thanks management and staff for their assistance and cooperation throughout
    the audit.

    Christine Joy D. Morales


    Chief Audit Executive & Director General, Performance and Accountability
    Philippine Muliti-National Oil Company
    Management agrees with the conclusion of the audit.

    Mekenny Reyes
    Director General, Multi-National Oil Company
    Philippine Multi-National Oil Company

    Jolly Fowler
    Chief Financial Officer/Vice President, Resource Planning and Management
    Philippine Multi-National Oil Company

    Audit Process:
    The audit process consists of inspection, data collection, inquires with employees, review of
    documents, etc.
    Stages Deliverables Estimated hours

    Risk Assessment: ● Compliance checklist ● 365


    ● Understanding of ● Training risk checklist
    client business ● Suggestions
    ● Scrutinize financial
    statements to
    identify the risk of
    material
    misstatement

    Further Audit Procedures: ● compile a list, or ● 547.5


    comprehensive
    ● Catalog Your Training catalog, of all the
    training programs you
    Programs
    have developed to
    ● Analytical review conduct a thorough
    ● Inquiry audit, as well as all
    ● Observation the training programs
    ● Inspection your learners can
    ● Recalculation access via your
    learning systems and
    platforms.
    ● Evaluate their
    knowledge COSO
    framework by giving
    them
    ● Audit Evidence
    ● Resulting Documents
    from the
    implementation of
    the audit procedures
    ● Auditors Calculation
    ● Statements by
    independent parties

    Reporting: ● Draft Report ● 365


    ● Draft Report ● Final Report
    ● Follow-up meeting
    ● Discussion on risk and
    recommendations
    ● Incorporation of
    comments (if any)
    ● Final Report

    Conclusion:
    We expect to submit our final report for this audit by 3 to 5 months. Our findings and
    recommendation will be discussed with the management before the submission of the final
    report.

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