I. Overview – The End to End Audit Process
II. The Importance of Effective Planning
III. Positive vs. Negative Assurance
IV. The Engagement Risk Assessment Process
a. Hypothesis of Risk – Preliminary Objectives
b. Hypothesizing Preliminary Objectives and Root Causes
c. Inherent Risk
d. Residual Risk
V. Audit Preliminary Survey – Gathering of Information
a. Knowledge Gathering
b. Authoritative Research
c. Interview Management
d. Inclusion of Peer Interviews
e. Internal Controls
f. Walkthroughs
g. Ratio Analysis
h. What Else Can we Provide?
i. Updated Risk Hypothesis – Weighting of Preliminary Work
VI. Audit Interviews
a. Interview Techniques
b. Documenting an Interview
VII. Questionnaires
VIII. Developing Effective Audit Workprograms
IX. Managing an Audit Engagement
a. Managing a Budget and Schedule
b. Delineation of Duties
c. Coordinating Resources
d. Keys to Effective Audit Project Management