July 14, 2008

Control Environment Audit Work Program

This audit work program focuses on the control environment component of the COSO Framework. Sample risks addressed in this audit work program include: a code of conduct and other policies does not exist regarding acceptable business practices, conflicts of interest, or expected standards of ethical and moral behaviour; adequate staffing levels are not maintained to effectively perform required tasks; and an independent governing body that provides oversight for management's activities does not exist.