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Please answer the following questions regarding internal auditing:

alt="Screen Shot 2020-02-09 at 7.09.55 PM.png" />Screen Shot 2020-02-09 at 7.10.04 PM.png

Screen Shot 2020-02-09 at 7.09.55 PM.png

Screen Shot 2020-02-09 at 7.10.04 PM.png

specific procedures in place). Include at least 3 additional risk statements and identify
recommended control(s) for each risk:
Area/activity
Risk
Control
Recommended
Comments or
statement
Owner (S)
control(s
Assumptions
Example:
Credit card (s)
Accounting
Segregate
Company travel
missing or
Mer
issuance of CC
Credit Card
unaccounted
duties from
for
tracking CC
balances.
2
3
4
5
6
B. Current controls (based on above situational facts) that needs to tested by IA during the audit.
(If needed, please include any assumptions you've made to the current process or practices)
Area/activi
Risk statement
Control
Control procedures
Comments or
ty
Owner
Assumptions
Credit
cards
Airline
reservation
Processing
expense
report
Travel
budget
other
area?)
C. Besides the above steps, what additional review/analysis, if any, would you preform to help
identify possible improvements to the T & E process or ways to help identity waste or abuse?
Please include your reasoning.

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