Webclass 99: How do you plan your audits?

Q1. What is the difference between strategic plan and engagement plan?

Q2. Should internal auditors assess Risk Management process as part of audit assurance?

Q3. What does 2010.A1 of the IIA practice advisories say that the internal audit plan should be based on?

Q4. Is it advised to use data analytics to help perform the risk assessment?

Q5. Why does Claire think that data analytics does not occur mainly during fieldwork?

Q6. If we are doing Risk Based Internal Audit Planning, should we assess the control environment during the planning or during the fieldwork?

Q7. If you have a risk map, can you use data analytics to assesss all items on the risk map?

Q8. What could be a solution when auditors are refused access to data, according to the IIA?

Q9. What is an advantage of computing risk scores automatically rather than subjectively?