Advanced Internal Audit Techniques

Course Objective

To be able t independently prepare the following with minimal supervision:

• Produce a narrative of audit techniques used.
• Produce a narrative of sample selected and used.
• List and define the different types of Audit techniques that may be used for each audit test Fully document the used techniques and link it to the type of test.
• Perform reasonable combination of the Audit techniques in order to achieve the audit test objectives and clearly link the used technique with the related Audit Program Step.
• Use the correct Sampling type and fully document the sample basis used Independently complete the entire audit program for a specific assignment and respond to review points.
• Independently prepare working paper file to support completed audit and respond to review points.
• Document the conclusion based on the evidence obtained. Through the field work, collect all the required audit evidence to support the audit tests conclusion and audit opinion.
• File the evidence in the related section with full reference and formalities needed for the working paper.
• Ensure proper security of evidence saved under unique type or format such as electronic, samples, pictures, reports etc.
• Review and wrap up the Audit file to make sure all tests are done according to the audit program.
• Review and ensure that the previous Audit Report “if any” for the area under audit is being cleared or followed up during the audit fieldwork