Setup

Is your audit planning currently made ad hoc? Do you feel the need to pursue a more methodological approach? Or do you want to refine your current methodology? We are happy to help you setting up an appropriate internal audit planning.

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The setup of a good audit planning takes the following questions into account::

  • How to find the right balance between risky but less material processes or entities and more standardized processes or entities with a higher financial impact?
  • How to cover each location and process within the rotation plan?
  • How to combine the rotation plan with the flexibility to respond to urgent ad-hoc incidents?
  • How to evade overlap between the audit plan and the scope of other departments, such as quality or supplier audits? Are risk assessment results shared with other departments in the organization?
  • How to involve control self-assessment in the internal audit planning?
  • How to integrate third party expertise in the audit planning to cover blind spots?

How to set up a good audit planning

Our extensive internal audit experience allows us to co-create your internal audit planning though a transparent and objective approach. An audit planning resulting from this approach gives the necessary comfort to management, board of directors and the audit committee that all risks are timely identified and periodically evaluated.

01

We build your audit planning based on a risk assessment.

02

We guide your audit team throughout the planning process:

  • - We assure the objectivity of the process and reduce the impact of internal politics in your company;
  • - We identify blind spots. These are domains in which your audit team lacks the necessary experience. As a result, these blind spots are also included in the audit planning;
  • - We integrate the planning of other assurance domains (for example quality control or supplier audits). We give more comfort to management about all internal control activities within the company.

Do you want to discuss your approach towards internal audit planning? We’d like to visit you.