PO20 – Review and report on the findings of an audit or assurance engagement
You complete an audit, preparing the formal documentation and reporting any control deficiencies to management. You report back to managers in a formal audit report.
Performance objective elements
The five elements of each performance objective describe the tasks, skills and behaviours that trainees must demonstrate in order to achieve the objective.
a. Review the performance of an audit; making sure that the evidence is accurate, complete and sufficient.
b. Contribute to identifying and resolving audit or assurance issues and make sure there are no outstanding queries.
c. Discuss the findings and implications of an audit or assurance engagement with management and governance teams.
d. Draft written representations and report significant control deficiencies to management and governance teams.
e. Prepare audit reports in accordance with relevant standards, regulations and legislation.
Audit and Assurance
E. Reviews and reports on the findings of audit and assurance engagements.
F. Guiding efficient and effective operations.
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