Hold entrance meeting with Client and discuss: audit timing, Client concerns, Client contact preferences, policies and procedures, audit objectives and scope
Perform preliminary review
Identify controls and perform risk analysis
Develop audit tests
checklist 2: Fieldwork
Perform audit tests
Create work papers and document findings
Develop written or oral preliminary findings and recommendations
Discuss preliminary findings and recommendations with Client according to the schedule established at the entrance meeting
edit_note 3: Draft Report
Create draft report of findings and recommendations as previously discussed
Circulate Draft Report according to policy
groups 4: Closing/Exit Meeting
Review and discuss the Draft Audit Report with the Client
Revise Draft Audit Report as agreed upon with the Client
pending_actions 5: Final Draft Audit Report & Client Responses
Distribute the Final Draft Audit Report to the Client and request written responses
Provide two weeks for Client's responses
task 6: Final Audit Report
Incorporate Client’s responses into the Final Draft Report and distribute the Final Audit Report according to policy
