Audit Management Flashcards

1
Q

What an organization audit’s function should align with?

A

The organization’s mission and goals, and work well alongside IT governance and operations.

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2
Q

Where should the audit functions be defined and describes

A

In a charter document.
The charter should clearly define roles and responsibilities that are consistent with ISACA audit standard and guidelines.

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3
Q

Audit program

A

Plan for conduction audits over a given period. It

describe the audit strategy and audit plans.

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4
Q

What are included in audit plan

A

Scope, objectives, resources, and procedures used to evaluate a set of controls and deliver an audit opinion.

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5
Q

Strategic audit planning

A

To determine the audit activities that need to take place in the future, including an estimate of the resources required to support those activities

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6
Q

Organization’s goals and objectives

A

Translate down into audit activities

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7
Q

Factors that affect an audit

A
1-Organization's goals and objectives
2-New organization initiatives
3-Market conditions
4-Changes in Technology
5-Changes in regulatory requirements
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8
Q

Changes in Audit Services

A
1-New Internal audits
2-New external audits
3-Market competition
4-Increase in audit scope
5-Impact on business process
6-Changes in audit standards
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9
Q

Resource planning

A

At least once per year, management needs to consider all of the internal and external factors that affect auditing to determine the resources required.

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