Getting to Fieldwork: A Risk-Based Approach  (8 hour course)

Objectives

Develop a risk-based mindset to help with audit planning and development of the audit program for fieldwork

Be able to identify and apply tools and approaches for efficient and effective audit planning

Short Description

Fieldwork is great but you have to get there! In this session we'll discuss ways to apply a risk-focused mindset to any audit area to plan and audit and develop a focused audit program. Using many real-life government auditing examples, this course will include discussion of a risk-based approach to audit planning as well as potential tools to help document and guide your work along the way.  

Course Outline

Overview

What the Standards say

Components of effective planning (Mindset, Approach, Tools)

Discussion: Planning Mindset

Introduction to Example Audit

Approach/Tools

Walk through steps and look at work paper examples for each step

identify risks

collect information

track/summarize risk information

 Exercise: Risk Brainstorm

           assess risk levels

 Exercise: Assign Risk Ratings

                       select risks for further testing

                       develop fieldwork tests/tasks

 Discussion: Potential Fieldwork Tasks

Other tips for effective planning

Wrap up