Audit Report Story.
Students Name:
Professors Name:
Date.
My story.
I am a well trained professional auditor with many years of experience in auditing and generating financial related reports and well-versed in Information and technology systems audit. I have been exposed to several intensive and demanding financial auditing processes that require more than determination to ascertain the validity, fairness, and truthfulness displayed by the financial statements prepared by many of the organizations (ADMIN, 2019). For years and months, I have been spreading the message that it is imperative for finance to partner with a business entity. As an auditor, I stick to the value of and morals and guide financial principles when conducting prudent auditing exercise.
In 2018 I conducted a system auditing exercise for one of the well-known IT companies; the organization was well structure and seemed highly focused on its projected targets. My exercise began with the organization’s policies and procedures to get a clear picture of what it entails, how the workflow is successfully integrated within the premises, and perhaps gather adequate evidence on how the policies connected with IT and information security. I found that the organization had established policies that never aligned with the information technology; there was no evidence b of compiled and approved information security (ADMIN, 2019).
Additionally, the organization structure duties and roles were well defined and aligned with Information technology. Good to mention is that the organization’s assets, such as database, servers, networks, and application, were all well captured within its annual reports. It identified its assets and provided detailed ownership of the same (AICPA, 2020). I also evaluated operators to ascertain whether they were certified to be sued in operating the trading system. I will like to mention that all the operators were certified and guaranteed to operate the business. I further assessed the existence of response procedures; besides that, I further audited the reported incensed such as crisis and the methods used to remedy such crises. I found that the entity had a well-documented disaster response plan, risk and conflict resolving mechanisms, and perhaps handled incidences based on the criticality, impact, and type of incidence. All the plans set by the organization were aligned to meet business continuity and disaster recovery plans. The disaster recovery plans had been well tested, recorded, and documented.
To make my audit report more effective and I will rely on several sources of ideas such as carry out a physical examination, inspections oral responses from independent 3rd part, documented receipts, client inquiries, carrying out analytical procedures to gather ideas, and recalculation or use of observation (Chee Keong, 2019).
References
ADMIN. (2019, January 16). 13 Free Sample Audit Report Templates – Printable Samples. Retrieved from https://www.printablesample.com/audit-report-templates.html
AICPA. (2020, January 22). 10 Steps to a Successful Audit. Retrieved from https://www.aicpa.org/interestareas/notforprofit/resources/governancemanagement/ten-steps-to-a-smooth-audit.html
Chee Keong, O. (2019). Audit Report Lag and Audit Going Concern Qualification in Malaysia. doi:10.15405/epsbs.2019.08.24