Page 106 - Rižnar, Igor, and Klemen Kavčič (ed.). 2017. Connecting Higher Education Institutions with Small and Medium-Sized Enterprises. Koper: University of Primorska Press
P. 106
Tatjana Horvat and Franko Milost
achieve the scope and objectives of the internal audit on the whole
revised area with statistical or non-statistical samples; where we
cannot obtain sufficient evidence, we restrict decisions;
3. testing and evaluating the information obtained in accordance
with the objectives of the audit (for example, testing and evalu-
ation the internal controls within the audited entity) and in accor-
dance with the initial identification of key risks and the possible
re-evaluation of risks; the individual and overall results of the au-
ditor shall be disclosed in the working material;
4. fact-finding – conclusions: findings, opinions and recommenda-
tions of the internal auditor.
In the specialist literature, the most commonly mentioned methods
of obtaining information and evidence are:
• interview,
• talk,
• analysis,
• calculation,
• observation,
• summarising,
• statistical sampling,
• analytical procedures,
• reviewing business documents and records,
• re-calculating the quantities and values
• confirmation of positions and more.
The following audit activities will be used:
• acquiring,
• reviewing and studying documentation,
• inquiring,
• verification,
• testing samples using non-statistical methods,
• interviewing,
• talk,
• observation, and
• use of computerised tools.
104
achieve the scope and objectives of the internal audit on the whole
revised area with statistical or non-statistical samples; where we
cannot obtain sufficient evidence, we restrict decisions;
3. testing and evaluating the information obtained in accordance
with the objectives of the audit (for example, testing and evalu-
ation the internal controls within the audited entity) and in accor-
dance with the initial identification of key risks and the possible
re-evaluation of risks; the individual and overall results of the au-
ditor shall be disclosed in the working material;
4. fact-finding – conclusions: findings, opinions and recommenda-
tions of the internal auditor.
In the specialist literature, the most commonly mentioned methods
of obtaining information and evidence are:
• interview,
• talk,
• analysis,
• calculation,
• observation,
• summarising,
• statistical sampling,
• analytical procedures,
• reviewing business documents and records,
• re-calculating the quantities and values
• confirmation of positions and more.
The following audit activities will be used:
• acquiring,
• reviewing and studying documentation,
• inquiring,
• verification,
• testing samples using non-statistical methods,
• interviewing,
• talk,
• observation, and
• use of computerised tools.
104
