0% found this document useful (0 votes)
9 views16 pages

ICS Audit Procedure Steps Guide

The document outlines a standard operating procedure (SOP) for assessing the effectiveness of internal control systems (ICS) during audits. It includes steps for recording the client's ICS, performing walkthrough tests, and revising audit strategies. Additionally, it emphasizes the importance of software controls and data processing in maintaining effective internal controls.

Uploaded by

iameichitpaing
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
9 views16 pages

ICS Audit Procedure Steps Guide

The document outlines a standard operating procedure (SOP) for assessing the effectiveness of internal control systems (ICS) during audits. It includes steps for recording the client's ICS, performing walkthrough tests, and revising audit strategies. Additionally, it emphasizes the importance of software controls and data processing in maintaining effective internal controls.

Uploaded by

iameichitpaing
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

I i

-
I

C S
E S C S C D
c
S
&

Sop (standul operating


Procedure)
-
S
--
-

>
C
-

S [0
C & C
3

& & &


[
I behaviors
&

C
S

2 C S
C S
3 ,
C
S
C
So
C K 3
↑ C K 3 C 3
C x
> C S
-
&

5 C
&
-

qm
.

< 3
C Sund
sud
·
C Y
C Yest
I

S
Y

2
S

I
S

7
I


Control
/
I

Editable :

the IC system
control
-
S

&
-

& Emissing control)

E S C
& back , scaly
7)

C
-Assess
Effectiveness o
contries)

-
-

Example
C
S e Next
Page

until
Understand & evaluate client’s ICS

-
(for first year of audit)
-

orders
-

Step 1: Record client’s ICS


(2.1, 2.2, 2.3, 2.4, 2.5)


Step 2: Perform walkthrough test (2.6)

Step 3: Perform test of control (2.7)


I

CStep 4: Revise audit strategy & plan


substantive test
[Detail test]

test
a
Perform full substative
( (

( (

& &
walk through test example
#odor Innehyrlim)-mdesce
- ar
-> eat
debt)
item (store : Item have 10 urt)
(T1)
C by (
X 100 us a
-
Mr A
CAR Dept : Mr A have or limt)
(a)
-
Application content

-
Upgrade .

software :

Develop X
- -Cit Input

-
> Process

*
-
output X
Inanthraised
Amendment
data

- /
software Control Control

General Control
S X

E x Information Processing)
Control-Application Control
Continuous
use
>
-

o

sale-
>, w

can , w

M
Jun t
C 3
(same in cloud)

*
113S

Hash total Exporttoral $10


cult total siri)
Clupet 10 Invoice =

about 10

Invoice)
(Inva6 & 2 ·

82 : In pout ed

&

[F No-lo
digitlo) -
amont
allow

(negative
Invoice not
X

Check Customer name/EC) a

(only number allow


in ( C

entry for amount


20 Payment Info /no save) at

C not allowed
Limit
over
credity it

User Nama
· E Passwor

C S
C &

C S

L 3

12/kmy (*) 205717 .

&

You might also like