Internal Audit Manual - United States Agency for International Development

Internal Audit Manual

Sindh Basic Education Program ? Project Management and Implementation Unit

May 2017 Contract Number: AID-391-C-15-00010 This publication was produced for review of PMIU by the United States Agency for International Development. It was prepared by Sindh Capacity Development Project (SCDP), a three year sub-component of SBEP implemented by Deloitte Yousuf Adil, Chartered Accountants. The views expressed in this material do not necessarily reflect the views of USAID or the United States government.

Deloitte Yousuf Adil Chartered Accountants

Ver. No. 1.00 Release Date:

Rev. No. 0

Revision Date:

Contents

Internal Audit Manual

Page 2 of 51

1. Document Information 2. Revision History 3. Introduction

Purpose of Manual Responsibility for Implementation Custody and Confidentiality Distribution Revision of the Manual Version Control Charter of Internal Audit and Audit Committee 4. Organizational Structure Structure of IAD 5. Internal Audit Risk Assessment Developing the audit universe Ownership and Maintenance of the Audit Universe Risk Assessment of Audit Universe 6. Development of Internal Audit Plan (IAP) Contents of IAP Review of IAP by IA Sharing of Draft IAP with Program Director Approval of Audit Committee & Monitoring of IAP Engagements Requested by Audit Committee 7. Internal Audit Engagement Plan Preliminary Assessment Preparation of Engagement Plan Approval of the Engagement Plan 8. Execution of Audit Fieldwork Communication of Commencement of Audit Kick-off Meeting with the Process Owner Understanding & Documentation of Processes to be audited Developing Audit Programs Data Requisition Selecting Items for Testing to Gather Audit Evidence

4 5 6-7 6 6 6 6 6 7 7 8 8 9-10 9 9

9 11-12

11 11 11 12 12 13-14 13 13 14 15-21 15 15 15 16 17 17

Controlled Copy. Do Not Duplicate

For Internal Use Only

Ver. No. 1.00 Release Date:

Rev. No. 0

Revision Date:

Internal Audit Manual

Page 3 of 51

Audit Testing Developing Issue Sheet Close-out Meeting 9. Internal Audit Report Contents of the Internal Audit Report Criteria for Rating of Internal Audit Report Criteria for Risk Ratings of Individual Findings Draft Sharing with Process owner Finalization of Action Plan Report Distribution

Follow-Up of Previous Findings 10. Audit Working Papers

Purpose Organization Permanent Files Current Files Documentation of the Preparation/ Review 11. Annexures

18 19 21 22-24 22 22 23 23 23 23 24 25-26 25 25 25 26 26 27-51

Controlled Copy. Do Not Duplicate

For Internal Use Only

Ver. No. 1.00 Release Date:

Rev. No. 0

Revision Date:

1. Document Information

Document Version Department Status Approved By Approval Date Effective Date Distribution

Internal Audit Manual Version 1.00 Internal Audit

Internal Audit Manual

Page 4 of 51

Controlled Copy. Do Not Duplicate

For Internal Use Only

Ver. No. 1.00 Release Date:

Rev. No. 0

Revision Date:

2. Revision History

Date

Version

Name

Internal Audit Manual

Page 5 of 51

Designation

Description of Change

Controlled Copy. Do Not Duplicate

For Internal Use Only

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download