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Conducting the Assurance Engagement

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Presentation on theme: "Conducting the Assurance Engagement"— Presentation transcript:

1 Conducting the Assurance Engagement
CHAPTER 13 Conducting the Assurance Engagement

2 Chapter 13 Learning Objectives
Describe how the purpose of an assurance engagement impacts the audit objectives. Determine engagement objectives and scope statements. Describe different types and sources of information that will help the internal auditor understand the process of conducting an assurance engagement. Document simple process flows, showing key process steps, interfaces, and departments involved. Perform a process-level risk assessment. Distinguish key controls from controls not considered key. Describe how to evaluate the design adequacy of process-level controls. Design different types of testing approaches, depending on the design of the process and engagement objectives. Develop a general work program to guide the engagement process. Describe the resource considerations that must be evaluated when determining how to staff and schedule an engagement. Conduct and document certain types of tests to gather evidence. Evaluate evidence from assurance procedures to reach conclusions based on the results of testing. Develop observations and formulate recommendations. Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

3 Exhibit 13-1 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

4 Exhibit 13-2 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

5 Exhibit 13-3 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

6 Exhibit 13-4 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

7 Exhibit 13-5 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

8 Exhibit 13-6 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

9 Exhibit 13-7 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

10 Exhibit 13-8 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

11 Exhibit 13-9 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

12 Exhibit 13-10 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

13 Exhibit 13-11 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

14 Exhibit 13-12 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

15 Exhibit 13-13 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

16 Exhibit 13-14 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

17 Exhibit 13-15 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

18 Exhibit 13-16 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

19 Exhibit 13-17 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

20 Exhibit 13-18 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

21 Exhibit 13-19 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

22 Exhibit 13-20 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

23 Exhibit 13-21 Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

24 Add slides as desired Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL USA

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