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Sheet1 Page 1 POLICE PROPERTY BACKGROUND: The Police Department (PD) Property Section receives approximately 18,000 items of evidence vehicles at the PD property room impound lot. The Property Section is responsible for release of evidence and property to authorized individuals. Revenues are generated from confiscated money and towing charges for impounded vehicles. In addition, vehicles, bicycles and miscellaneous property are disposed of by auction conducted by the PD. Auctions are regularly scheduled twice a month. Total revenues from these activities are approximately $_____ per year. SCOPE: This audit will concentrate on items of evidence impounded vehicles Confiscated or seized firearms are stored at the Sheriff's Office and will not be included in this audit. The audit period will be those items on hand at the time the field work commences. The evaluation of internal control will be as of the last day of the field work. PLANNING: 1. Prepare and send an entrance letter to the Police Chief. 2. Prepare a planning program and include a time budget for the preliminary work. 3. Review the annual budget for the Police Department. Also review their Service Level Summary and prior internal and external audit reports and management comments. 4. Discuss the scope and direction of the audit with your team leader and the Audit Manager. 5. Schedule and hold an entrance conference with the Police Chief in order to discuss the upcoming audit. Obtain the name of the departmental contact person and secure a place from which to conduct the field work. 6. Begin the preliminary survey of the Property Section by scheduling interviews and walk throughs with the appropriate personnel. 7. Document your understanding of the property function by
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Sheet1 Page 2 developing narratives and a flowchart of the main system flow. Show the major points of control over property, such as, authorizations, supervision, reconciliations, division of duties, and etc. Schedule strengths and weaknesses of the system and compensating controls, if any. 8. After you have gained an understanding of the system, prepare an internal control questionnaire and fill in or obtain the answers. 9.
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This note was uploaded on 05/16/2011 for the course AUDIT 201 taught by Professor Unknown during the Spring '11 term at Symbiosis International University.

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