Audit Program

Student Services Council Audit Program

Background purpose:

The purpose of this audit program is to identify specific audit procedures to be performed in
examining the Student Service Council Financial statements. It aims to assess the effectiveness
of the organizations internal control.

AUDIT PROCEDURES AUDIT PROGRAMME PERSON RESPONSIBLE

Planning Corroboration of members All members
regarding the activities to be
done to accumulate the
documents to be audited.
Issuance of Engagement Letter will be prepared by the Team Leader
Letter group to be sent to the Supreme
Student Council management.
Audit Meeting o Tackling risk assessment All members
and possible threats in
performing the audit.
o Providing possible
safeguards to reduce or
eliminate assessed risks
and threats.
o Internal control
management review
through their constitution
and By-Laws and;
o Development of Audit
Questions regarding
established Internal
 Controls of the
organization to
understand fully their
operation.
Initial review of o The members will check All members
organizational records and the fairness of the
reports recorded transaction
through comparing them
to the official receipts
and such.
o Documenting the
findings and for further
inquiries if issues arise to
the SSC management.
Interview and discussions o The key personnel will be All members
with the key personnel of interviewed individually
the organizations by the audit members
regarding their duties and
responsibilities.
o Asking them the
formulated questions
about their internal
control.
o Asking possible
safeguards or plans if
hitches arises and such.
Conduct of Inventory o Members will conduct an All members
Inventory to the
organizations supplies
and facilities disclosed in
 their Financial Statement.
o Documenting the finding
and for further inquiries
to the SSC management
if hitches arise and such.
Further review of o Examining the assertions All members
organizational records and on the Financial
reports Statement regarding the
accounts and balances.
o Cash count and review of
bank accounts.
o Compilation and
documentation of
findings.
Completing Audit o Further review and All members
completing audit report.
o Issuance of report
Post-audit o Follow up of audit to All members
establish a continuous
improvement plan.