IAD Introduction - 1-2010
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Transcript of IAD Introduction - 1-2010
1
Morris Heights Health Center
Internal Audit
An Introduction
Vernon H. BenjaminDirector of Internal Audit
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IIA Statement of Responsibilities
Purpose:Internal auditing is an independent
appraisal function established within an organization to examine and evaluate its activities as a service to the organization.
The objective of internal auditing is to assist members of the organization in the effective discharge of their responsibilities.
The audit objective includes promoting control at a reasonable cost.
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The Purpose of Internal Auditing
to help you meet your goals and objectives to assess and monitor risks to ensure that
the controls in place are adequate to mitigate those risks
to act as a cornerstone —along with the board, senior management, and the external auditors, Internal Audit can help you comply with policies and regulations for enhanced corporate governance
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Services provided…
Assessments Analyses Advice Assistance
A proactive approach to ensuring sound operating procedures
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How Internal Audit can help you…
objectively assess your operations share ideas for best practices provide guidance for improving controls,
processes, procedures, performance, and risk management
suggest ways for reducing costs and enhancing revenues
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The Audit Process Model
Internal Audit Knowledge and Skills
Computers, Software and IIA Standards
Time and Money
Reputation for Integrity
and Fairness
Internal AuditPractices andProcedures
Analyses, Appraisals,
Recommendations, Counsel and Information
Promote the Effective use of Internal Control
Supporting the Organization in
the Discharge of their
Responsibilities
INPUTS PROCESSES OUTPUTS OUTCOMES
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Internal AuditFramework
Planning
Performing
Reporting
AUDIT ASSIGNMENT
AND OBJECTIVE
RESEARCH
PRELIMINARY SURVEY
RISK ASSESSMENT
DEVELOP AUDIT PROGRAM
FIELDWORK (TESTING)
DISCUSS CONCLUSIONS
DRAFT AUDIT REPORT
Phase I: Planning the Audit
Phase II:Performing the Audit
Phase III: Documenting the Audit
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Internal Audit‘s Role at MHHC
“Advocate” “Risk manager” “Controls consultant” “Problem-solving partner” “Facilitator”
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Building Trust with Auditee
The slow way- Making and keeping commitments
The faster way -
Collaboration.
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Morris Heights Health Center
Internal Audit
QUESTIONS??