Audit_Findings___working_papersI

Audit_Findings___working_papersI - Audit Findings Details...

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    Audit Findings Details conditions requiring correction Should have been done but was not Should not have been done but was Was done improperly
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    Audit Findings Standard 2400 (SPPIA)     Internal auditors should communicate the  engagement results promptly Practice Advisory 2410-1 Relevant information Observations Recommendations Anatomy of findings Practice Advisory 2420-1 Objectivity Clarity Conciseness Constructive tone Timely
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    Approach to Findings Acquired skill Discrimination based on experience Do not apply hindsight Do not evaluate against perfect standard AUDITOR  has burden of proof Play “devil’s advocate” on strength of findings There should be no doubt in auditor’s mind Adding value should be primary motivation Monetary Improved service Improved structure/process
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    Degree of Significance of Findings Major Prevents achievement of major operating objective Minor Warrants reporting but doesn’t prevent major  objective Insignificant  Random human errors not worth reporting
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This note was uploaded on 03/25/2011 for the course ACC 413 taught by Professor Cannon during the Winter '11 term at Grand Valley State.

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Audit_Findings___working_papersI - Audit Findings Details...

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