Page 1

OFFICE OF THE AUDITOR GENERAL AUDIT PROCESS OAG Initiated Audit

Audit Request OAG

Identify program to be audited based on the following factors:

OAG

Receive audit request

1. Potential for cost savings & service improvements 2. Evidence of problems or wrongdoing 3. Risk of loss, fraud, or corruption 4. Legislative or public interest 5. Financial significance or condition

Accept Request? NO

Identify audit objectives, issues and scope

YES

YES

Notify requestor and/or refer request to another department

Auditee Meet with OAG to discuss audit

Provide information to OAG Obtain an understanding of auditee mission activities and organization

NO File assessment results

Set up entrance conference with auditee

Evaluate request

Risk Assessment

Conduct Audit?

Preliminary Survey

Notify affected Auditee

Develop Audit Program

Begin preliminary survey

Begin Fieldwork

Notify affected Auditee


OFFICE OF THE AUDITOR GENERAL AUDIT PROCESS Fieldwork

Audit Report

OAG

Auditee

Gather evidence and develop work papers

Provide information to OAG

Audit workpapers

OAG Draft report of audit findings and recommendations

Constant communication between auditor and auditee

Computer Storage

Frequent review of evidence gathered for consistency with audit objectives

Revise Report? NO

Begin drafting audit report

Quality review of work papers and draft report by audit supervisor

Submit draft report to auditee and set up formal exit conference

File storage

Present preliminary audit findings at fieldwork exit conference

Auditee

Provide additional information if necessary

Finalize report

YES

Revise and Finalize Report

Review comments from Auditee

Provide additional information if necessary

Review and comment on draft report at exit conference Develop and submit written response within 10 days


OFFICE OF THE AUDITOR GENERAL AUDIT PROCESS Issue Final Report OAG

Auditee

Oversight Committee

Receive Audit Report

Receive Audit Report

Develop and submit corrective action plan to address audit findings

May request briefing from Auditor General

Budget & Finance Committee

Issue final Audit Report

Initiate the Corrective Action Plan (CAP) Process

Receive Audit Report

Audit process flowchart  
Read more
Read more
Similar to
Popular now
Just for you