KnowledgeLeader Blog

Popular This Week: Internal Audit Risk Assessment Questionnaire: Sample 2 and more!

Posted by Protiviti KnowledgeLeader on Wed, Jan 30, 2019 @ 08:43 AM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from January 21-25! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

"" 1. Internal Audit Risk Assessment Questionnaire: Sample 2

Internal audit performs this risk assessment to identify and prioritize key risks to best allocate the internal audit resources for the next year. A key step in this process is to receive management’s input as to the actual, inherent and perceived risks existing in the organization. Management has the experience, insight and perspective needed to effectively determine the correct level and areas of focus of internal audit procedures.

This questionnaire includes a risk glossary defining terms in areas such as administration, finance, human resources, construction, regulatory and compliance, business development, commodity risk management, minority investments, plant operations, EH&S, research and development, and IT.



2. Project Management Office (PMO) Effectiveness Audit Work Program

For many organizations, the PMO is the key facilitator, tour guide, traffic monitor and budget control officer for all approved and authorized system implementations.

This sample work program evaluates the effectiveness and responsibilities of a PMO in the following key areas: PMO program goals and expectations; the PMO approach; PMO responsibility, accountability and ownership; the consistency of the program management approach, tools and templates; training provided to enterprise personnel on standard processes; communication protocols related to project portfolio status; project status communication tools and capabilities; and project portfolio and risk management capabilities.



3. Internal Audit Risk Assessment Questionnaire

Internal audit performs a risk assessment to identify and prioritize key risks to best allocate the internal audit resources for the next year. This risk-based approach is focused on surveys/interviews of a cross-section of management personnel to solicit input from the potential customers of an internal audit function.

The output from the surveys and interviews can be used to develop an audit plan that creates broad coverage through a blend of internal audits, control self-assessment and targeted external audit coverage.






4. Purchase-to-Payment Process Assessment: Sample 2

This sample audit report focuses on the purchase-to-payment process, assessing spend data for a specified period of time. Objectives of this review include: provide a quantitative analysis of disbursement (spend) data for a specified period; identify opportunities for internal control and process improvements (through interviews with key process owners and limited transaction testing); etc.



5. Internal Audit Performance Measures Key Performance Indicators (KPIs)

An effective business process is built on a set of well-defined and clearly stated business objectives. To build and continually improve an effective business process, a company establishes: key objectives to articulate the performance results the company expects from the business process, outcome measures to determine whether the company has reached the key objectives, and activity measures to monitor the performance of instrumental activities.

This tool outlines key objectives for conducting internal audits, the outcome measures associated with each objective, and the activity measures that drive each outcome measure. A link connects each outcome measure with its corresponding formula and analysis.


Topics: KnowledgeLeader tools, weekly top 5

Add a Comment:

Subscribe to Our Blog

About KnowledgeLeader

KnowledgeLeader, provided by Protiviti, is the premier resource for internal audit and risk management professionals.

With over 1,400 customizable tools and 1,300 articles by industry experts, we offer the most comprehensive service on the market.

For more information:

 Tour the Site

Recent Posts

Posts by Topic

see all