Internal Audit Method

About The Author & The Article

Jonathan Bishop, Group Chairman, Bishop Phillips Consulting. [1]

Copyright 1995-2019 - Moral Rights Retained.

This article and all pages referenced from here may be copied and reprinted in whole or in part, provided that the original author and Bishop Phillips Consulting is credited and this copyright notice is included and visible, and that a reference to this web site (http://RiskWiki.bishopphillips.com/) is included.

This article is provided to the community as a service by Bishop Phillips Consulting www.bishopphillips.com. The principal author of all pages in the following list is Jonathan Bishop. The author acknowledges the contributions, improvements, help and comments of the inumerable critics and users of the method over many years, however errors and ommissions are the responsibility of the principal author alone.

The Method In Detail

• RIAM:Overview of the Method
  • Rational Internal Audit Method - Introduction
  • Overview of the Scope of Work
  • The Five Arms of RIAM - At a Glance
  • The Client Service Plan (CSP)
  • Risk Based Planning (RBP)
  • Control Implementation Services (CIS)
  • The Assertion Linked Systems Based Audit (ALSBA)
  • Tactical Quality Assurance Strategy (TQAS)
• RIAM:Risk Based Audit Planning
• RIAM:Control Theory & Analysis
• RIAM:Conduct of the Very Large Audit Project
  • The Four Phases of RIAM Control Systems Analysis in the very large audit project
    • PHASE 1 to 4: INTERVIEWING
    • PHASE 1: FAMILIARISATION, SCOPE AND PLANNING
    • PHASE 1: STANDARDS FOR, AND TYPES OF, AUDIT EVIDENCE AND WORKING PAPERS
    • PHASE 2: DOCUMENTING & ANALYSING THE SYSTEM OF INTERNAL CONTROL
    • PHASE 2: ASSERTIONS
    • PHASE 1 to 3: ANALYTIC REVIEW PROCEDURES
    • PHASE 1 to 3: RISK ASSESSMENT & SENSITIVITY ANALYSIS
    • PHASE 3: AUDIT SAMPLING AND AUDIT TESTING
    • PHASE 4: AUDIT REPORTING PROCEDURES
    • PHASE 1 to 4: REVIEW AND QUALITY ASSURANCE
  • Special Reviews - Follow Up Audits
  • Special Reviews - Payment Systems Implementation Audits
  • Special Reviews - New Programme Reviews (Government)
  • Special Reviews - Programme Reviews (Government)
  • CONDUCT OF EXIT INTERVIEWS

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Internal Audit