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Developing Audit Work Programs

This two-day course teaches auditors how to develop effective audit work programs using the Closing the Loop Framework methodology. The framework provides a structured process for building audit steps based on objectives and evidence requirements. Less experienced auditors will learn the basics, while more experienced auditors can refresh their skills. The course covers audit standards, planning different types of audits, developing objectives and criteria, building steps, and ensuring quality. Attendees will gain practical experience applying the framework to build audit program components.

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Andrea
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150 views

Developing Audit Work Programs

This two-day course teaches auditors how to develop effective audit work programs using the Closing the Loop Framework methodology. The framework provides a structured process for building audit steps based on objectives and evidence requirements. Less experienced auditors will learn the basics, while more experienced auditors can refresh their skills. The course covers audit standards, planning different types of audits, developing objectives and criteria, building steps, and ensuring quality. Attendees will gain practical experience applying the framework to build audit program components.

Uploaded by

Andrea
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Developing Audit Work Programs

Developing an audit work program can be a daunting process, especially


when the audit area is one the auditor is unfamiliar with or that has not
previously been audited. This course will take the mystery and pain out of
the process by introducing a methodology called Closing the Loop
Framework. It provides a foundation for how to develop audit steps based
on audit scope and the evidence required to achieve audit objectives.
Less experienced auditors will learn how to build the audit program, and
experienced auditors will have an opportunity to refresh their skill set and
consider the Closing the Loop Framework as a tool for improving audit
quality. Internal and external auditors with at least three years’ general
audit experience will benefit from this course and will have the
opportunity to build components of an audit program in a workshop.

In this seminar, we will discuss critical issues:


• Fundamental requirements for audit work programs referencing
audit standards and generally accepted practices.
• Planning performance, financial, compliance, and IT audits.
• Using the Closing the Loop Framework to ensure completeness
and quality of the planning and audit execution processes.
• How well developed audit work programs support the
management and quality assurance of audits.

Learning Objectives:
• Gain an understanding of the role of the audit work program.
• Become familiar with Standards-based requirements for audit work
programs.
• Strengthen skills in developing audit steps and audit work
programs.
• Understand how checklists and internal control questionnaires can
be used.
Course Duration:

2 Days

CPE Hours Available:

16

Knowledge Level:

Intermediate

Field of Study:

Auditing

Prerequisites:

At least three years’ general audit experience.

Advance Preparation:

None

Delivery Format:

On-site (Group-live)
Setting the Stage — Role of Audit and Audit Evidence

• Defining audit evidence.


• Impact of audit evidence on audit risk.
• Requirements from auditing standards.
• Audit charter.
• Compliance.
• Audit work plan vs. audit checklist.

Audit Development Cycle

• Defining the Closing the Loop Framework process.

Discovery

• Understanding the business processes.


• Documenting business processes.
• Performing and documenting the audit-focused risk assessment.
• Define control objectives.
• Translating business processes to control objectives.

Identifying Control Criteria

Developing Audit Objectives

• Importance of linking audit objectives to operational and control


objectives.
• Incorporating risk-based auditing into audit strategies.

Defining Audit Criteria

• Linking audit criteria to work programs.

Building Audit Steps

• Building audit steps from criteria-based evidence.


• Designing audit work programs for standards compliance.
• Ensuring that audit steps developing during the audit are included
in the audit work plan.
• Identifying skills and knowledge for developing audit work
programs.
• Incorporating appropriate audit techniques into audit work
programs.
• Understanding the importance of timing and sequencing audit
steps.
• Good practices for audit steps or procedures.
• Techniques for evaluating and modifying, if necessary, existing
audit work programs.
• Developing and using checklists and internal control
questionnaires to support audit work programs.

Developing Audit Results

• Using audit work programs to help draw conclusions and develop


audit reports.

Quality Assurance

• Using the Closing the Loop Framework for developing and


strengthening audit work programs.

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