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Internal Audit: Practice & Guide 1

Title Thumbnail & Hero Image: Internal Auditor, developed on Oct.4, 2024.
Internal Audit: Practice & Guide 1

First revision: Oct.4, 2024

Last change: Oct.4, 2024

Searched, Gathered, Rearranged, Translated, and Compiled by Apirak Kanchanakongkha.

page 1

Table of Contents

CHAPTER I	AUDIT SERVICES FRAMEWORK AND STRUCTURE
	1.	Introduction
	2.	Management Responsibilities and Accountability Framework
	3.	Organizational Structure of Internal Audit Services
	4.	The Internal Audit Charter
	5.	Definition and Purpose of Internal Audit
	6.	Auditors and the Code of Ethics
	7.	Audit Standards
	8.	Professional Attributes of the Audit Service and the Auditors
	9.	Internal Audit Relationship with External Audit

CHAPTER II	GOVERNANACE, RISK MANAGEMENT, INTERNAL CONTROL, AND FRAUD
	1.	Introduction
	2.	Governance
	3.	The Board and Audit Committee Roles
	4.	The Audit Committee
	5.	Risk Management and Risk Assessment
	6.	Internal Control
	7.	Fraud Management
	8.	Periodic Reporting to Chief Executive and the Audit Commitee

CHAPTER III	RISK-BASED INTERNAL AUDIT STRATEGY AND ANNUAL AUDIT PLAN
	1.	Introduction
	2.	Risk-Based Audit Approach
	3.	Risk-Based Internal Auditing and the IIA Standards
	4.	Internal Audit Strategy
	5.	Planning Principles
	6.	Resource Requirements
	7.	Planning Process
	8.	Annual Audit Plans

CHAPTER IV	PLANNING AND CONDUCTING INTERNAL AUDIT ENGAGEMENT (FIELDWORK)
	1.	Introduction
	2.	Audit Engagement Process
	3.	Assigning the Audit Engagement
	4.	Planning the Audit Engagement
	5.	Audit Procedure
	6.	Review of Audit Objective, Scope, Criteria, and Possible Documentation
	7.	Conducting Audit Fieldwork and Review

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CHAPTER V	COMMUNICATING THE RESULTS OF THE AUDIT ENGAGEMENT
	1.	Introduction
	2.	Quality of Internal Audit
	3.	Audit Report (Template) in the IAS
	4.	Reporting Process
	5.	Audit Report Presentation Styles
	6.	Audit Closure

CHAPTER VI	MONITORING AND FOLLOW-UP PROCEDURES
	1.	Introduction
	2.	Classifying the Status of Implementation
	3.	Database of Audit Recommendations
	4.	Monitoring Process
	5.	Objectives of Follow-up
	6.	Follow-up Process

CHAPTER VII	AUDIT WORKING PAPERS AND THE AUDIT EVIDENCE
	1.	Introduction
	2.	Audit Evidence
	3.	Documenting Audit Evidence-Working Papers

CHAPTER VIII	QUALITY ASSURANCE AND IMPROVEMENT PROGRAMME
	1.	Introduction
	2.	Nature and Objectives of QAIP
	3.	Quality Assurance and Improvement Programme QAIP Framework

CHAPTER IX	INFORMATION SYSTEMS AUDITING
	1.	Introduction
	2.	Definition and Objectives
	3.	Types of Information Technology (IT) Audits
	4.	The IT Audit Procedures
	5.	Information Technology (IT) Audit Process
	6.	Information Systems Risk
	7.	Information Systems Security

CHAPTER X	BUSINSS CONTINUITY PLAN
	1.	Introduction
	2.	Business Continuity Plan Objectives
	3.	Building a Business Continuity Plan
	4.	Building Continuity Planning Guidelines
	5.	Components of a Business Continuity Plan
	6.	Audit's Role in the Business Continuity Plan Process.

References:
01. from Comprehensive Manual of Internal Audit: Practice and Guide, Kibreab K Ftaw. ebook: 978-1-80227-726-5, www.kfaccountsservices.com. 1st Edition, 2022.

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