Page 105 - Rižnar, Igor, and Klemen Kavčič (ed.). 2017. Connecting Higher Education Institutions with Small and Medium-Sized Enterprises. Koper: University of Primorska Press
P. 105
Internal Audit in the Financing of Companies
Table 6.1 Example of a Work Order for the Internal Audit Assignment
Name and address of the Common internal audit of the company
internal audit department
Work order No. ...
. Name of auditee: The name of Company
. Name of audited task Internal audit legality of financing
. Type of task According to the work plan
. Contractor of tasks The manager of the company
. The scope and the aim the Scope of work is legality of the financing process
auditor’s work of the company. The aim of the internal audit en-
gagement is to verify whether the existing inter-
nal control in the process of funding activities
of the company carried out in accordance with
the legal and professional rules and internal legal
business and organizational rules, whether inter-
nal controls are effective and efficient so that key
risks are controlled, to provide an independent
opinion of legality funding activities.
. The extent of the auditor’s Using samples
work
. Time of commencement . . .
the tasks
. Completion date of tasks . . .
. The estimated value of the . . . eu r
internal audit
. Description of the internal Acquiring, reviewing and studying documenta-
audit activities tion, inquiring, verification, testing on samples
using non-statistical methods, interviewing, ob-
servation and use of computerized tools.
. Date of orders ...
. Head internal audit de- Name and signature
partment
op ombe Adapted from Koletnik (2007, 156).
ness (‘International Standards for the Professional Practice of Internal
Auditing’ 2012, Standard 2300).
The internal auditor carries out internal audit tasks in the following
steps (Koletnik 2007, 196–7):
1. introductory meeting with the manager of the audited area;
2. obtain reliable and sufficient information or evidence needed to
103
Table 6.1 Example of a Work Order for the Internal Audit Assignment
Name and address of the Common internal audit of the company
internal audit department
Work order No. ...
. Name of auditee: The name of Company
. Name of audited task Internal audit legality of financing
. Type of task According to the work plan
. Contractor of tasks The manager of the company
. The scope and the aim the Scope of work is legality of the financing process
auditor’s work of the company. The aim of the internal audit en-
gagement is to verify whether the existing inter-
nal control in the process of funding activities
of the company carried out in accordance with
the legal and professional rules and internal legal
business and organizational rules, whether inter-
nal controls are effective and efficient so that key
risks are controlled, to provide an independent
opinion of legality funding activities.
. The extent of the auditor’s Using samples
work
. Time of commencement . . .
the tasks
. Completion date of tasks . . .
. The estimated value of the . . . eu r
internal audit
. Description of the internal Acquiring, reviewing and studying documenta-
audit activities tion, inquiring, verification, testing on samples
using non-statistical methods, interviewing, ob-
servation and use of computerized tools.
. Date of orders ...
. Head internal audit de- Name and signature
partment
op ombe Adapted from Koletnik (2007, 156).
ness (‘International Standards for the Professional Practice of Internal
Auditing’ 2012, Standard 2300).
The internal auditor carries out internal audit tasks in the following
steps (Koletnik 2007, 196–7):
1. introductory meeting with the manager of the audited area;
2. obtain reliable and sufficient information or evidence needed to
103
