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  • What factors should kept in mind while making IA Plan

     Alkit updated 1 year, 4 months ago 1 Member · 1 Post
  • Alkit

    Member
    May 15, 2021 at 9:07 am

    Things you should keep in mind while preparing an Internal Audit Plan:
    1. Hot spots/ Risk surveys done by some big advisory firms ( Easily available on Internet)
    2. Previous audit plans, to understand ageing( Since when a function is not audited)
    3. Check previous audit reports (Function with high risks should be frequently audited as compared to low risk functions)
    4. Attrition rate ( More attrition = More risk)
    5. Discuss with HODs for their inputs
    6. Discuss with Risk team for Inputs (In some organisation risk and audit are part of same department)
    7. Regulations ( Some of the regulatory audits are obviously part of your audit plan)
    8. Top business carrier(Topline , bottom line , Mazor expenses)
    9 Size of your team/budget …

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0 of 0 posts June 2018
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