Description

Completion of the audit often times gets delayed because crucial audit steps have not been completed while the team was in the field. In these cases, audit workflow is generally not planned and results in extensive wrap up time. This session discusses effective ways to carry out the audit while in the field with the goal of completing all of the work while in the field. In addition, this session will offer suggestions and techniques for improvements in the overall audit process, including audit workflow and audit procedures. It will draw a parallel between a manufacturing process and the audit process which will immediately highlight implementable solutions that result in improved efficiency, a reduction in total time required to complete the audit and improved client service.

Highlights

The session will cover the following:
1. “Permission to think” - rather than blindly doing “Same as Last Year”
2. Understanding and documenting your audit plan
3. Effectively linking your audit plan to audit workflow
4. Ideas and tools to effectively manage fieldwork
5. Suggestions and tools to minimize audit bottlenecks
6. Implementing audit procedure efficiency suggestions
7. Data extraction- a wasted opportunity
8. Minimizing audit wrap up time
9. A case study for improved audit workflow
10. Wrap up and conclusion
11. Q&A

Objectives

The objective of this course is to provide the auditor with audit procedure tools to improve the conduct of the audit, fieldwork and wrap-up.