Presentation of Expertise Training Course
Presentation of Expertise Training Course
Presentation of Expertise Training Course
Programs
Mandatory
Mandaory
IPPF =
Non mandatory
Strongly
recommended
Attribute Standards:
Purpose, Authority and Responsibility..(1000)
Independence and Objectivity(1100)
Proficiency and Due Professional Care(1200)
Quality Assurance and Improvement Program ..(1300)
Performance Standards:
Managing the Internal Auditing Activity...(2000)
Nature of Work....(2100)
Engagement Planning....(2200)
Performing the Engagement.(2300)
Communicating Results.....(2400)
Monitoring Progress...(2500)
Communicating the Acceptance of Risks...(2600)
Internal Auditing as a Profession
Directive
Preventive
Detective
Corrective
Recovery
(Automated)
Internal Auditor Reports on Internal Control
Corporate
Governance
Financial
Reporting External
and Internal
Audit
Audit Committee Function
Completeness
- List all debit balances over Tk _____ and obtain explanations. Ensure they are
correctly treated in the accounts
- Perform a creditors circularization
- Where a circularization is not carried out, or the results are unsatisfactory, test
creditors for completeness as follows:
a) obtain the year end creditors listing;
b) compare to prior year to identify obvious omissions;
c) review purchase day book during the year and payments after the end to
identify main suppliers;
d) enquire to major suppliers not in the list.
Purchases and creditors audit program
Cut-off
- If the company retains goods received
records, examine the goods received/
purchased records immediately before and
after the year end
Cut-off
- Review credit notes after the year end and consider whether these
have been accounted for in the correct period
- If the company has despatch records, examine sales and despatch
records before and after the year end