book

Audit Planning: A Risk-Based Approach

by K. H. Spencer Pickett

August 2013

Intermediate to advanced

304 pages

7h 3m

English

Wiley

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INTRODUCTIONRISK-BASED AUDIT-PLANNING MODEL: PHASE ONERISK-BASED AUDIT-PLANNING MODEL: PHASE TWORISK-BASED AUDIT-PLANNING MODEL: PHASE THREERISK-BASED AUDIT-PLANNING MODEL: PHASE FOURRISK-BASED AUDIT PLANNING MODEL: FINALSUMMARYNOTES
INTRODUCTIONBASIC PLANNING MODEL: PHASE ONEBASIC PLANNING MODEL: PHASE TWOBASIC PLANNING MODEL: PHASE THREEBASIC PLANNING MODEL: PHASE FOURBASIC PLANNING MODEL: FINALSUMMARYNOTES

INTRODUCTIONCORPORATE RISK REGISTER MODEL: PHASE ONECORPORATE RISK REGISTER MODEL: PHASE TWOCORPORATE RISK REGISTER MODEL: PHASE THREECORPORATE RISK REGISTER MODEL: PHASE FOURCORPORATE RISK REGISTER MODEL: FINALSUMMARYNOTES
INTRODUCTIONANNUAL AUDIT-PLANNING MODEL: PHASE ONEANNUAL AUDIT-PLANNING MODEL: PHASE TWOANNUAL AUDIT-PLANNING MODEL: PHASE THREEANNUAL AUDIT-PLANNING MODEL: PHASE FOURANNUAL AUDIT-PLANNING MODEL: FINALSUMMARYNOTES
INTRODUCTIONENGAGEMENT PLANNING MODEL: PHASE ONEENGAGEMENT PLANNING MODEL: PHASE TWOENGAGEMENT PLANNING MODEL: PHASE THREEENGAGEMENT PLANNING MODEL: PHASE FOURENGAGEMENT PLANNING MODEL: FINALSUMMARYNOTES
INTRODUCTIONPROJECT MANAGEMENT PLANNING MODEL: PHASE ONEPROJECT MANAGEMENT PLANNING MODEL: PHASE TWOPROJECT MANAGEMENT PLANNING MODEL: PHASE THREEPROJECT MANAGEMENT PLANNING MODEL: PHASE FOURPROJECT MANAGEMENT PLANNING MODEL: FINALSUMMARYNOTES
INTRODUCTIONRISK FOCUS MODEL: PHASE ONERISK FOCUS MODEL: PHASE TWORISK FOCUS MODEL: PHASE THREERISK FOCUS MODEL: PHASE FOURRISK FOCUS MODEL: FINALSUMMARYNOTES
INTRODUCTIONHOLISTIC RISK-BASED AUDIT PLANNING MODEL: PHASE ONEHOLISTIC RISK-BASED AUDIT PLANNING MODEL: PHASE TWOHOLISTIC RISK-BASED AUDIT PLANNING MODEL: PHASE THREEHOLISTIC RISK-BASED AUDIT PLANNING MODEL: PHASE FOURHOLISTIC RISK-BASED AUDIT PLANNING MODEL: FINALSUMMARYNOTES
ASSESSING THE RBAP COMPONENT CHECKLIST

Content preview from Audit Planning: A Risk-Based Approach

APPENDIX A

APPLYING AN RBAP DIAGNOSTIC TOOL

Each chapter of the book has described key aspects of risk-based audit planning and the implications for internal auditing in terms of providing a suitable audit cover. Various models have been developed to help explain some of the issues at hand. Each chapter has been prepared to isolate key issues and describe the way various factors are interrelated to form a picture of the entire audit-planning concept. The final chapter attempted to pull some of the main issues together in a holistic and integrated framework. Appendix A takes on board a great deal of the material from the main chapters and builds a comprehensive checklist that can be used by auditors to assess where they stand in terms of implementing risk-based audit planning. The checklist can be used as a general diagnostic tool, or benchmark, against which to judge the state of risk-based audit planning and decide whether any improvements to the existing arrangement are possible.

We start this appendix by setting out a comprehensive model that can be applied to risk-based audit planning in Figure A.1. Each aspect of this model is addressed by the 100-point checklist that follows the model. Note that each question on the checklist would have to be answered by referring to a further list of more detailed subsidiary questions, which should be prepared by users to suit both the context of the organization and the approach used by the audit department in question. It may also be necessary ...