Direct Audit Function: work to complete all projects on time and on schedule.



More Uses of the Audit Function Toolkit:




• Oversee and own all Internal Audit Functions of your organization by developing a risk based audit plan addressing key business practices, financial processes and controls, operational areas, information technology, and related security activities.
  
  

• Manage Audit Function: function as a liaison with the Internal Audit Function and External Auditors regarding matters of Internal Control over Financial Reporting and respond to audit findings; design and implement Processes And Procedures to remedy control findings.
  
  

• Lead Audit Function: function as a liaison with the Internal Audit Function and External Auditors regarding matters of Internal Control over Financial Reporting and respond to audit findings; design and implement Processes And Procedures to remedy control findings.
  
  

• Identify Audit Function: function as a liaison with the Internal Audit Function and External Auditors regarding matters of Internal Control over Financial Reporting and respond to audit findings; design and implement Processes And Procedures to remedy control findings.
  
  

• Secure that your organization utilizes the Internal Audit departments charter, internal audIT Policy and procedures manual, and the goals of your organization to create a consistent and quality approach to the Audit Function.
  
  

• Be accountable for leveraging deep expertise in Business Strategy, analysis, Data Science, and visualization techniques to support the Audit Function and your organization with actionable insights to drive ongoing success.
  
  

• Ensure that an effective Internal Audit Function is in place for your organization with a focus on adding value and improving the institutional operations, Risk Management, control and governance processes.
  
  

• Support the growth of the Internal Audit Function through recruiting, mentoring and Program Development.
  
  

• Devise Audit Function: function as a liaison with the Internal Audit Function and External Auditors regarding matters of Internal Control over Financial Reporting and respond to audit findings; design and implement Processes And Procedures to remedy control findings.
  
  

• Support ongoing digitalization of the Internal Audit Function.
  
  

• Arrange that your corporation complies; conducts tests of Internal Controls for audits and investigations of IT, Cybersecurity, telecommunications, and other projects involving technical services; performs audit procedures and security.
  
  

• Arrange that your planning writes report and presents findings to Compliance Committee, Management, Audit Committee, and to the Board of Directors on a regular basis.
  
  

• Confirm your organization oversees and leads the implementation of process, Procedures And Standards for Operational Risk Functions and programs related to the Operational Risk Management Framework ensuring consistency and efficiency, and to establish audit and exam ready posture.
  
  

• Make sure that your corporation assess client Business Processes, Information Systems and Internal Controls, and perform advanced Data Analytics using technology based audit techniques.
  
  

• Host and facilitate regular meetings with business, technical, and other resources and stakeholders for status updates, Requirements Definition, Technical Design, architectural reviews, Demand Management, and audit review.
  
  

• Identify Audit Function: partner with security and it to ensure centralized visibility of all identity based audit logs, and the development of reporting and metrics to enable operational and compliance based objectives.
  
  

• Establish that your organization serves as a liaison and lead on audit related initiatives managing relationships, collection of data, progression tracking, assessment and remedial activities.
  
  

• Be accountable for supporting the audit of cloud standards used and implementing so delivery methods conform to technology and business outcomes.
  
  

• Assure your organization acts as a liaison with external regulatory, legal bodies, or Internal Audit on Operational Risk Management issues.
  
  

• Establish that your planning coordinates with Internal Audit to develop effective automated Information Systems relative to Information security and Risk Management.
  
  

• Identify Audit Function: track and ensure adequate and timely resolution to all Audit And Risk assessment findings or issues relating to Information security, and never miss a deadline.
  
  

• Collect and keep audit data in order to conduct a Technical Analysis relating to misuse, penetration, or other incidents.
  
  

• Confirm your organization completes External Audit by analyzing and scheduling general ledger accounts and providing information for auditors.
  
  

• Ensure you head; lead the effort in creating and maintain a centralized Audit Process and repository for the collection, aggregation and storage of audit responses.
  
  

• Assure your enterprise writes report and presents findings to the Compliance Committee, Management, Audit Committee, and to the Board of Directors on a regular basis.
  
  

• Coordinate Audit Function: conduct research and develop Audit Programs for non SOX audit activities.
  
  

• Pilot Audit Function: audit and benchmark BI/analytics tool functionality, security, access, rights, and performance.
  
  

• Confirm your organization maintains data model reliability and performance by completing performance tuning; monitoring application of standards, audit and reconciliation processes, and data integrity; modifying documentation.
  
  

• Methodize Audit Function: audit application techniques, as sampling and Internal Control systems and Report Writing.
  
  

• Be accountable for tailoring Audit Programs to ensure that appropriate risks identified in planning are addressed.
  
  

• Lead Audit Function: function in an independent Decision Making environment.
  
  

• Confirm your strategy reports and documents all concern of test quality and/or safety to the Supervisor or Safety officers, as applicable.
  
  




 



Save time, empower your teams and effectively upgrade your processes with access to this practical Audit Function Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Audit Function related project.



Download the Toolkit and in Three Steps you will be guided from idea to implementation results.



The Toolkit contains the following practical and powerful enablers with new and updated Audit Function specific requirements:



STEP 1: Get your bearings



Start with...




• The latest quick edition of the Audit Function Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.




Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…




• Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation




Then find your goals...



STEP 2: Set concrete goals, tasks, dates and numbers you can track



Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Audit Function improvements can be made.



Examples; 10 of the 999 standard requirements:




1. What is the extent or complexity of the Audit Function problem?
   
   

2. Where do ideas that reach policy makers and planners as proposals for Audit Function strengthening and reform actually originate?
   
   

3. How do you verify the Audit Function requirements quality?
   
   

4. What knowledge or experience is required?
   
   

5. What is the output?
   
   

6. Would you rather sell to knowledgeable and informed customers or to uninformed customers?
   
   

7. Do the Audit Function decisions you make today help your organization in three years time?
   
   

8. Do you say no to customers for no reason?
   
   

9. What are the core elements of the Audit Function business case?
   
   

10. Why is it important to have senior management support for a Audit Function project?
    
    




Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:




• The workbook is the latest in-depth complete edition of the Audit Function book in PDF containing 994 requirements, which criteria correspond to the criteria in...




Your Audit Function self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:




• The Self-Assessment Excel Dashboard; with the Audit Function Self-Assessment and Scorecard you will develop a clear picture of which Audit Function areas need attention, which requirements you should focus on and who will be responsible for them:
  
  


• Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix

• Gives you a professional Dashboard to guide and perform a thorough Audit Function Self-Assessment

• Is secure: Ensures offline Data Protection of your Self-Assessment results

• Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:





 



STEP 3: Implement, Track, follow up and revise strategy



The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Audit Function projects with the 62 implementation resources:




• 62 step-by-step Audit Function Project Management Form Templates covering over 1500 Audit Function project requirements and success criteria:




Examples; 10 of the check box criteria:




1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?
   
   

2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?
   
   

3. Project Scope Statement: Will all Audit Function project issues be unconditionally tracked through the Issue Resolution process?
   
   

4. Closing Process Group: Did the Audit Function Project Team have enough people to execute the Audit Function project plan?
   
   

5. Source Selection Criteria: What are the guidelines regarding award without considerations?
   
   

6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Audit Function project plan (variances)?
   
   

7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?
   
   

8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?
   
   

9. Procurement Audit: Was a formal review of tenders received undertaken?
   
   

10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?




 
Step-by-step and complete Audit Function Project Management Forms and Templates including check box criteria and templates.



1.0 Initiating Process Group:




• 1.1 Audit Function project Charter

• 1.2 Stakeholder Register

• 1.3 Stakeholder Analysis Matrix




2.0 Planning Process Group:




• 2.1 Audit Function Project Management Plan

• 2.2 Scope Management Plan

• 2.3 Requirements Management Plan

• 2.4 Requirements Documentation

• 2.5 Requirements Traceability Matrix

• 2.6 Audit Function project Scope Statement

• 2.7 Assumption and Constraint Log

• 2.8 Work Breakdown Structure

• 2.9 WBS Dictionary

• 2.10 Schedule Management Plan

• 2.11 Activity List

• 2.12 Activity Attributes

• 2.13 Milestone List

• 2.14 Network Diagram

• 2.15 Activity Resource Requirements

• 2.16 Resource Breakdown Structure

• 2.17 Activity Duration Estimates

• 2.18 Duration Estimating Worksheet

• 2.19 Audit Function project Schedule

• 2.20 Cost Management Plan

• 2.21 Activity Cost Estimates

• 2.22 Cost Estimating Worksheet

• 2.23 Cost Baseline

• 2.24 Quality Management Plan

• 2.25 Quality Metrics

• 2.26 Process Improvement Plan

• 2.27 Responsibility Assignment Matrix

• 2.28 Roles and Responsibilities

• 2.29 Human Resource Management Plan

• 2.30 Communications Management Plan

• 2.31 Risk Management Plan

• 2.32 Risk Register

• 2.33 Probability and Impact Assessment

• 2.34 Probability and Impact Matrix

• 2.35 Risk Data Sheet

• 2.36 Procurement Management Plan

• 2.37 Source Selection Criteria

• 2.38 Stakeholder Management Plan

• 2.39 Change Management Plan




3.0 Executing Process Group:




• 3.1 Team Member Status Report

• 3.2 Change Request

• 3.3 Change Log

• 3.4 Decision Log

• 3.5 Quality Audit

• 3.6 Team Directory

• 3.7 Team Operating Agreement

• 3.8 Team Performance Assessment

• 3.9 Team Member Performance Assessment

• 3.10 Issue Log




4.0 Monitoring and Controlling Process Group:




• 4.1 Audit Function project Performance Report

• 4.2 Variance Analysis

• 4.3 Earned Value Status

• 4.4 Risk Audit

• 4.5 Contractor Status Report

• 4.6 Formal Acceptance




5.0 Closing Process Group:




• 5.1 Procurement Audit

• 5.2 Contract Close-Out

• 5.3 Audit Function project or Phase Close-Out

• 5.4 Lessons Learned




 



Results



With this Three Step process you will have all the tools you need for any Audit Function project with this in-depth Audit Function Toolkit.



In using the Toolkit you will be better able to:




• Diagnose Audit Function projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices

• Implement evidence-based Best Practice strategies aligned with overall goals

• Integrate recent advances in Audit Function and put Process Design strategies into practice according to Best Practice guidelines




Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.



Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'



This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Audit Function investments work better.



This Audit Function All-Inclusive Toolkit enables You to be that person.



 



Includes lifetime updates



Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.