Note: This is a recording of a previously held live webinar and is not eligible for CPE credit.
Risk-based auditing is a logical process that begins with planning. If the planning is inadequate or incomplete, the rest of the audit can experience problems and delays. When auditing, what you don’t know about the process or entity under review can hurt you, your team, and the organization, and cause you to reach conclusions that are logical but incorrect.
During this presentation, Ann M. Butera, President of The Whole Person Project, Inc. and author of Mastering the Five Tiers of Audit Competency
will explain techniques you can use to plan audits that deliver useful results within budget and without excessive audit risk.
At the end of this presentation, you will be able to:
- Minimize audit risk by using a planning checklist
- Optimize a planning memo to effectively document the factors and facts that affect your decisions concerning the audit’s scope and objectives
- Analyze processes rapidly to gain an understanding of the process, entity or activity under review
- Think critically about the information you collect to set useful audit objectives and scope