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The Audit Process

Notification letter to department head - General notification letter about planned audit is sent out.

Entrance conference with relevant department personnel - Scope, purpose and audit objectives are discussed.

Preliminary survey - Risks associated with the department are assessed by completing questionnaires, conducting interviews and reviewing selected documents. High risk areas are identified for more focused audit work.

Detailed evaluation - Interviews are conducted and transactions and documents are reviewed on site at the department.

Exit conference - Observations and recommendations are discussed with management at the completion of the detailed evaluation phase.

Management response to recommendations - Following the exit conference, management will be asked to respond in writing to the audit recommendations so that their responses can be incorporated into the audit report.

Draft report - A draft audit report, reflecting audit observations, recommendations for corrective action and management's responses to audit recommendations, is issued to the department head.

Meeting to discuss draft report (optional) - If management requests one, a meeting to discuss the draft audit report will be scheduled.

Final report - After the department head has reviewed the draft audit report, a final report is issued. The final report is addressed to the department head with copies sent to other relevant recipients.

Follow-up - A follow-up review will be conducted to determine the status of management corrective actions. The follow-up is scheduled based on the timing of corrective actions as stated in the management response.

Close out - Once management corrective actions have been taken, the audit project will be closed.

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Updated September 2005