Understanding Audit Programs and Types
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ScribdTranslationsUnderstanding Audit Programs and Types
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ScribdTranslationsTECHNOLOGICAL UNIVERSITY OF SANTIAGO
UTESA
Tommy Ortiz Quezada
Student
2-17-5874
Registration
Operational and Administrative Audit (Section 001 MA12:15 to 2:30 pm)
Subject
Prof. Maritza Sosa Ruiz
Facilitator
The Audit Programs
Subject
Monday, August 2, 2021
Fecha de Entrega
Santo Domingo, Dominican Republic
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Audit Program
An audit program, also called an audit plan, is an action plan.
that documents what procedures an auditor will follow to validate that a
organization complies with compliance [Link] managerfinancial or
The CFO must be involved in the development of such a program.
In practice, Accounting Tools (2018) explains that it is a list of
verification of the procedures that an auditor must follow during execution
from the audit. The auditor signs each verification item and then inserts the
program in the documents of work of the audit.
Rouse (2017) explains that the objective of an audit program is to "create a
detailed enough for any external auditor
understand what exams have been completed. In addition to the conclusions that are
they have reached.
The importance lies in that the audit programs reflect a description
detailed procedures that will be used, as well as the opportunity and the
tests that will be carried out in the development of this.
Thedifferent types of audit programsinclude audit programs
standardized, customized audit programs and programs of
compliance audit.
Standardized audit programs, which are available for many
different industries can be proactively used to help a
organization to create its own internal compliance framework and a program
internal audit. For example, the International Federation of Accountants publishes
financial audit standards known as International Standards on Auditing.
A standardized audit program is different from an audit program.
fixed, which is defined as an audit program that cannot be modified during
the course of an audit.
Customized audit programsdiffer from the programs of
standardized auditin what do audit procedures attend to so that
match the specific needs of the audit entity. These
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audit programs are 'customized' to refer to specific areas,
as business procedures, documents, and legal assets. When focusing on
these specific requirements through customized audit programs, the
the company can more quickly identify potential compliance failures and
develop internal controls to compensate for these vulnerabilities.
An audit compliance program describes how an organization...
apegará a las pautas regulatorias. Los detalles del programa de auditoría de
compliance will vary depending on factors such as whether an organization is
a public or private company, what type of data does it manage and whether it transmits or stores
confidential financial data. For example, the requirements of the Sarbanes-Oxley Act
Oxley establishes that electronic communications must be backed up and
protecting oneself with disaster recovery infrastructure, while the
financial service companies that transmit credit card data are
subject to the requirements of the Standardindustry data security (PCI
DSS).
Corporate Compliance Insight (2016) explains that an audit program consists of
from the following five key stages:
Determination of the topic.
Definition of objectives.
Establishment of its scope and of thetypes of indicators.
Implementation of the preliminary planning.
Audit procedures and steps for data collection.
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Bibliography
Finandina Bank Blog
[Link]
audit
Planning in an audit process: the importance of developing programs
of auditing
[Link]
develop-audit-programs/#:~:text=The%20audit%20programs
reflect the hand of practical cases.
Audit program or audit plan
[Link]
of auditing