Formation of Internal Audit Team

Organization  shall identify and select suitable employees who have the relevant knowledge , skills and technical know-how to be part of their internal audit team in order to ensure the competency of the audit team.

Internal audit team usually comprise of:

• Lead auditor
• Team auditor

Roles and responsibilities of internal audit team

The roles and responsibilities of the internal audit members may include:

i)Lead auditor

• Lead audit team
• Assign auditor scope of work
• Compile audit reports
• Make audit opening meeting presentation
• Make audit closing meeting presentation

ii) Team auditor

• Conduct audit
• Report audit findings
• Make recommendations
• Write audit report

Selection of Auditor based on the the auditor technical knowledge in the subject to be audited and using the following evaluation criteria which include:

• Evaluation of individual persons as an auditor, such as:

• Personal attributes
• Knowledge and skills
• Education and qualification
• Work experience
• Audit experience

Business understanding relevant to the activities to be audited

Auditor shall establish the audit plan taking into consideration:-

• the audit activities to be able to meet the organization audit objectives and scope
• audit schedule
• date, time and place of audit
• expected time duration for audit
• expected time for meetings.

Audit scope and criteria:

• Logistic arrangement
• Travel
• Accommodation
• On-site facilities
• Area to be covered
• Document to be reviewed
• Persons to be interviewed
• Audit personnel and their responsibilities
• Audit reporting
• Format
• Topics
• Language
• Submission schedule
• Matters relating to confidentiality
• Follow-up requirements