Internal Audit Policy Ver09

- AUDIT PROCEDURES - During the performance of work associated with the various phases of an audit, the potential exists for the creation and retention of a significant amount of supporting documentation and associated materials. The Internal Audit Department for the City of Boise will create and retain documentation in electronic format to the greatest extent possible in order to facilitate creation, storage, and subsequent access to those documents. The processes and procedures that are described below are all subject to this protocol unless otherwise specifically noted. Preparation and Performance Planning and Budgeting Generally accepted auditing protocols provide for the development and recordation of a work plan for each engagement being contemplated. Proper planning of audits and reviews is essential to the effective conduct and completion of the work. The Internal Auditor that is tasked to complete any audit or review is primarily responsible for the development of a plan of audit for the engagement. The Auditor shall remain cognizant of human resource requirements, and the time allotted to complete the work. Significant variances, actual or anticipated, should be communicated to the Director of Internal Audit so that any corrective actions that may be available can be implemented in a timely manner. Pre-Audit Procedures It is the goal of the Internal Audit Department to develop and maintain a comprehensive ...