Internal Audit Process Review

MEMORANDUM To: Elijah Green, CAE Date: June 1, 2011 From: Jane Halloway, CGA Re: Internal Audit move Review At your request, I defecate reviewed the assist for the see of the plane section of pecuniary services with the objective to curb if there were any deficiencies in the communication with the analyseee that may do contributed to delays. In addition, I require reviewed each of the audit observations and provided an view on whether the director of that incision may fix acted purposely to cause delays in the audit process in low-cal of his pending contract renewal. Furthermore, I have listed the typical objectives of an audit report and highlighted where this audit has deviated from those objectives. After interviewing the audit mental faculty, it was evident that the individual assigned as the contact soul from the department of fiscal services was the wrong person. The assistant to the director would not have had sufficient knowledge of the inter nal control material in comparison to the department manager. By her own admission, the assistant had spill the beans that any communication with the internal audit department would have to be approved by the department manager and the director. This resulted in excess and unnecessary delays.

The lead auditor is partially to saddle as she should have insisted that an individual with knowledge and understanding of controls should be assigned. The contact person should be capable of making decisions on behalf of financial services without obtaining the approbation of several other staff members. This would e nsure the receipt of managements response in! a timely manner and greatly development the boilers suit efficiency of the audit process. As evidenced by the special(a) number of progress meetings between internal audit and the auditee, it is unvarnished that there was a lack of understanding of the sizeableness of the issues creation identified. Again, not keeping management of the audited department informed...If you privation to start up a full essay, order it on our website: BestEssayCheap.com

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