Audit Management Flashcards
What an organization audit’s function should align with?
The organization’s mission and goals, and work well alongside IT governance and operations.
Where should the audit functions be defined and describes
In a charter document.
The charter should clearly define roles and responsibilities that are consistent with ISACA audit standard and guidelines.
Audit program
Plan for conduction audits over a given period. It
describe the audit strategy and audit plans.
What are included in audit plan
Scope, objectives, resources, and procedures used to evaluate a set of controls and deliver an audit opinion.
Strategic audit planning
To determine the audit activities that need to take place in the future, including an estimate of the resources required to support those activities
Organization’s goals and objectives
Translate down into audit activities
Factors that affect an audit
1-Organization's goals and objectives 2-New organization initiatives 3-Market conditions 4-Changes in Technology 5-Changes in regulatory requirements
Changes in Audit Services
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
Resource planning
At least once per year, management needs to consider all of the internal and external factors that affect auditing to determine the resources required.