audit-brochure

The Audit Process– ...why am I being audited? Audits are pre-scheduled on an annual basis Who to Contact? based on a risk assessment. This assessment includes and evaluation of risk factors such as financial impact, importance of controls, and public exposure. In addition, your area might be reviewed based on a special request. Internal Audit ...what does an audit involve? and The typical audit involves four main activities: Internal Controls 1. Planning– This may involve interviews and analysis to help the auditor understand your goals and objectives and determine the possible risks involved. At this time, Inter-John Osborne, B.Comm., CGA nal Audit will request a meeting to discuss Internal Audit Manager Introduction to the scope and schedule of the audit. This is Tel: 519-253-3000 ext 2084 a good time for you to share any additional Internal Audit at the concerns or issues you want addressed in Email: johno@uwindsor.ca University of Windsor the audit. 2. Fieldwork– Once the scope is established Issues, concerns or comments? for the audit, the auditor will begin the for- mal audit procedures. This may include If you have a concern, comment or issue transaction testing, analysis, observations, that you would like to report in and interviews. Answers to some questions such as: confidence, an on-line form is available 3. Reporting– Once the audit is complete, a  What is internal audit? at: http://www.uwindsor.ca ...