Audit Reports
The following 21 items are listed by date.
October 2, 2006 Personal Identifiable Information Privacy Controls Review – Audit Report This is an example of an internal audit report. Internal audit conducted an audit on company procedures for handling personal identifiable information. The report includes an executive summary, and then describes the objectives, detailed findings (rated red or orange), recommendations, and follow-up. CONTENT AREA: Audit Reports TOPICS: Privacy, Internal Controls, Security, Security Management Practices June 5, 2006 Fund Accounting Process Review – Audit Report This is a sample internal audit report of a fund accounting process review focusing on comprehensive recordkeeping and reporting requirements for registered investment companies and their affiliated persons. The objective of the project was to review the controls over the oversight and reporting of financial data for each fund. CONTENT AREA: Audit Reports TOPICS: Audit Reporting, Cash & Treasury, Compliance, Internal Audit, SAS 70, GRC May 29, 2006 Human Resources Process and Compliance Review – Audit Report This sample human resources process and compliance internal audit report focuses on time reporting, payroll, recruiting, hiring, and termination. This report contains process maps of the HR process, including associated risks and controls. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Reporting, Audit Testing, Healthcare & Pharmaceuticals Industry, IT Audit May 22, 2006 Quarterly Compliance Assessment – Audit Report This sample includes an internal audit quarterly assessment of a financial services company’s compliance policies and procedures. In this report, internal audit validates the operational effectiveness of key activities and controls within these policies and procedures. This assessment focuses on policies and procedures relating to anti-money laundering, whistleblower hotlines, custody, insurance, and code of ethics. CONTENT AREA: Audit Reports TOPICS: Compliance, Corporate Governance, Ethics, Sarbanes-Oxley Act, Audit Committee & Board, Financial Services Industry, Internal Controls, Whistleblower/Complaint Reporting, GRC January 9, 2006 Sales Order Cycle Review – Audit Report This is an example internal audit report of a sales order cycle review. Specific areas of focus in this review include quote-to-invoice process, contract operations/maintenance, accuracy and integrity of data captured in the order management system, and the quote-to-invoice cycle time. This report also contains process maps of the sales order cycle in current and improved states. CONTENT AREA: Audit Reports TOPICS: Audit Reporting, Audit Testing, Distribution Industry, Internal Audit, Internal Audit Administration, Sales Process & Marketing October 10, 2005 Warranty/Field Services Review – Audit Report This is an example of an internal audit report focused on the findings resulting from a Warranty/Field-Services process review. This document highlights activities related to billing, customer inquiries, and contract negotiation. This report also illustrates the business impact of internal audit observations, recommended action steps, and a best practice comparison. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Best Practices, Revenue, Audit Reporting, Internal Audit Administration April 18, 2005 Accounts Receivable, Credit, Collection and Cash Application Process Review – Audit Report This is an example of how the internal audit group can report their findings resulting from an Accounts Receivable, Credit, Collection, and Cash Application process review. This document highlights segregation of duties, process, and system observations and findings; and illustrates how to document the business impact of an observation or finding, recommendations, and management action plans for items requiring follow-up. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Accounts Receivable, Cash & Treasury, Credit & Collections, Internal Audit Administration, Audit Testing, Segregation of Duties April 21, 2004 IA Plan Presentation to the Audit Committee- Sample This sample presentation describes the activities to be completed during the first two years of an internal audit plan for a start-up audit function based on a previous risk assessment. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Committee & Board, Internal Audit Administration, Audit Planning April 1, 2004 Privacy Compliance Program Review – Audit Report This sample report focuses on the state of privacy compliance at a financial institution. The review addresses compliance with the Gramm-Leach-Bliley Act (GLB), and uses a capability maturity continuum and gap analysis to illustrate the status of compliance. It also lists the steps taken to address identified risks and compares them to best practices. CONTENT AREA: Audit Reports TOPICS: Privacy, Risk Management & Assessment, Financial Services Industry, GRC March 11, 2004 Foreign Subsidiary Review – Audit Report The objectives of this foreign subsidiary internal audit review were to: assess the adequacy of the overall financial control environment, assess the adequacy of key financial and accounting internal controls, evaluate compliance with significant corporate policies and procedures, and identify opportunities for process and internal control improvement. This sample report includes procedures performed as well as detailed issues and observations. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Cross Border & Non-US Issues, Financial Reporting January 9, 2004 Corporate Treasury Review – Audit Report This sample internal audit report, presented in PowerPoint format, illustrates treasury review objectives, scope and procedures performed. It includes a sample of treasury review observations and management implementation plans that address that the issues. The appendix has an internal control assessment for various cash flow and financial risks. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Reporting, Cash & Treasury, Internal Audit Administration, Investments & Foreign Exchange December 4, 2003 Accounts Payable Review – Audit Report This is a sample internal audit report for an accounts payable review. The example illustrates a clear and concise format for presenting audit objectives, scope, and procedures performed. It includes an executive summary of recommendations with their corresponding priority. This is followed by the detailed observations and the related management actions plans. Each plan is assigned an owner and a due date for resolution of the audit issue. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Internal Audit Administration, Purchasing & Accounts Payable June 27, 2003 Internal Audit Plan Status – Report to Audit Committee This sample report to the audit committee presents a logical, easy-to-follow summary of audit projects completed, in-progress, and scheduled. The report demonstrates the use of reporting elements such as progress bar charts, color-coded ratings on the effectiveness of controls, and a scorecard style approach to reporting recommendations and status. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Committee & Board, Audit Reporting, Internal Audit Administration September 17, 2002 Internal Controls Report: Sample 1 This annual audit committee report sample demonstrates one approach that a chief audit executive may use to report on the state of internal controls for the audit committee, as required in the US following the passage of the Sarbanes-Oxley Act of 2002. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Reporting September 17, 2002 Internal Controls Report: Sample 2 This is an example of a report to the audit committee on the adequacy of a company's systems of internal controls. It describes the work that internal audit has completed over the past year, and provides a high level assessment of and an indication of trends in the control environment. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Reporting August 30, 2002 Audit Report Samples This two sample audit reports provide examples of graphical, well-organized ways to present the findings and results of an audit. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Reporting, Internal Audit Administration October 31, 2001 Annual Audit Plan: Sample Report to the Audit Committee This sample report shows how the internal audit group can report to the Audit Committee on their annual risk assessment and planning process. Many of the risks presented in the report are the type that a manufacturing company might face, but the sample can be used as a template for any industry. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Risk Management & Assessment, Audit Committee & Board, Audit Reporting, Internal Audit Administration, Audit Planning, GRC July 31, 2001 Internal Audit Site Review – Audit Report This sample report summarizes an internal audit review of a remote site location. It is created in a graphical presentation style and includes internal audit objectives, an executive summary, the audit work performed, risk based prioritization, process maps of audit areas, CAAT testing, and a best practices benchmarking study. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Reporting, Internal Audit Administration, Payroll, Purchasing & Accounts Payable May 30, 2001 Incentive Compensation – Audit Report This sample report summarizes an internal audit review of the incentive compensation area. It shows a presentation style that includes an executive summary, the audit work performed, process maps of the audit area, recommendations, and a benchmarking study. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Audit Reporting, Compensation & Benefits, Internal Audit Administration, Sales Process & Marketing November 29, 2000 Audit Committee Reports: Sample Presentations Each of these four samples contains an audit committee report that has been presented by internal auditors at a target company. The report content primarily focuses on presenting the audit risk assessment process and results, the internal audit planning process and timing, and the business self-assessment processes and results. CONTENT AREA: Audit Reports TOPICS: Corporate Governance, Internal Audit, Risk Management & Assessment, Audit Committee & Board, Audit Reporting, Financial Services Industry, GRC November 29, 2000 Audit Plan Presentation This example presentation shows some of the documents that can be included in the presentation of the audit plan to management and the audit committee. CONTENT AREA: Audit Reports TOPICS: Internal Audit, Risk Management & Assessment, Audit Committee & Board, Audit Reporting, Internal Audit Administration, Audit Planning, GRC
|