Professional Documents
Culture Documents
Internal and Governmental
Internal and Governmental
Governmental
Financial
Auditing
and Operational
Auditing
Chapter 26
Fauzan Rivaldy Syarif
Learning Objective 1
Integrity
Objectivity
Confidentiality
Competency
Relationship of Internal and
External Auditors
Similarities:
1. Competency
2. Methodology
3. Audit risk mode
Relationship of Internal and
External Auditors
Differences:
The internal auditor is responsible to
management
Functional
Organizational
Special assignments
Who Performs Operational
Audits
Internal auditors
Government auditors
CPA firms
Independence and Competence
of Operational Auditors
Historical performance
Benchmarking
Engineered standards
Discussion
Phases in Operational
Auditing
Planning
Evidence accumulation and evaluation
Reporting and follow up
Planning
Staffing
Background information
Understand internal control
Decide on appropriate evidence
Evidence Accumulation
and Evaluation
Documentation
Analytical Procedures
Observation
Reporting and Follow Up