Does your Internal Audit Department have a QA review program? If yes, do you leverage sampling when QAing an audit project? Or do you look at all the work within a projected selected for QA?
Vice President - Internal Audit and Enterprise Risk Management in Healthcare and Biotech, 1,001 - 5,000 employees
We have a standardized workpaper that we use to conduct our QAR assessments, and we review each selected engagement completely using that workpaper. The engagements themselves are selected on a sample basis throughout the year.India Head and Director of Global Finance Shared Services in Hardware, 5,001 - 10,000 employees
Yes, our Internal Audit Department have QA review program. We apply sampling to cover high risk areas which have a history of out of period adjustments. This Program covers all the work and is not specific to audit project work. Content you might like
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CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.Very important75%
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Global Capital Accounting Director in Consumer Goods, 10,001+ employees
Hello, for me the main reason why you would want a common chart of accounts is that you are able to run internal benchmarks and analyze KPIs, financial statements, etc consistently across multiple business, regions etc. Another ...read more
We do look at all the work for the project selected for the QA review and validity.