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Fieldwork - Testing Workpaper Template
I am a firm believer that the quality of your audit workpapers is a direct reflection of the level of care, diligence, and effort which...

My Audit Spot
Jul 23, 20193 min read


Call for consultation. The Internal Audit Code of Practice is ready for your review
The Chartered Institute of Internal Auditors this week released draft Code of Practice and sought feedback from audit professionals and...

My Audit Spot
Jul 17, 20195 min read


Audit Planning - Internal Audit Work Program
An Audit Work Program forms the backbone of your review. It's what brings the assignment plan / scoping document, fieldwork, and...

My Audit Spot
Jul 16, 20192 min read


Climate Change - Why it should be on your audit and risk plans
It's 2019 and the weather has gone crazy. Paris experienced its hottest day on record this year. Cape Town counted down the day days to...

My Audit Spot
Jul 9, 20193 min read


Why being 'short staffed' should never be written in an audit report
It was almost ironic the timing. Whilst performing an audit (and being told by the business area "... how under resourced, and...

My Audit Spot
May 14, 20194 min read


Rolling forward prior audit workpapers; are we trapping ourselves?
With all the focus currently on Big 4 audit firms and the quality of their audits, it has made me question the amount, we as auditors,...

My Audit Spot
May 7, 20194 min read


Why the BEIS' "Future of Audit" report is a waste of paper.
On 2 April 2019, Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy (BEIS) Select Committee, presented the...

My Audit Spot
Apr 10, 20197 min read


Audit Planning - Audit Budget Template Workpaper
Whether operating as an in-house internal audit function, or performing internal audit services for a client, a budget is an important...

My Audit Spot
Apr 4, 20192 min read


Modular approach to audit isn't actually a bad idea!
But what else can we do to improve our audit quality? The Institute of Chartered Accountants Australia and New Zealand (ICAANZ) last...

My Audit Spot
Apr 2, 20193 min read


Where do you draw the line?
Helping with audit recommendation implementation. They're loathed by everyone. Loathed by recommendation owners who are charged with...

My Audit Spot
Mar 27, 20193 min read


Audit Planning - Terms of Reference / Assignment Plan / Scoping Document Template
Terms of Reference, Audit Scope, Scoping Document, Assignment Plan. These are a few of the news commonly used for the main document...

My Audit Spot
Feb 27, 20191 min read


Audit Planning - Audit Team Planning Template Workpaper
Good planning is essential to delivering a quality audit that meets the expectations of the business area, management, and other...

My Audit Spot
Feb 27, 20192 min read


"How to avoid an audit". Why we need to change our perception.
An article appeared in front of me today titled "How to avoid an audit". My initial thought was "how bold; an article telling people on...

My Audit Spot
Feb 22, 20194 min read


ASIC needs to get tougher; but so do auditors
The Australian Securities & Investment Commission (ASIC) today released its media statement regarding Mr Wayne Allan Armistead, former...

My Audit Spot
Feb 20, 20195 min read


Audit Planning - Planning with Business Template Workpaper
Nobody understands current processes and activities better than those performing it on a daily basis. Its therefore important that, as...

My Audit Spot
Feb 20, 20192 min read


ICAEW - Cyber Security
This Tuesday, I was fortunate enough to attended to an ICAEW event (promoted by Australian and New Zealand Accountants in London) at...

My Audit Spot
Feb 14, 20193 min read


Who should be detecting fraud anyway?
As the probe into audit firms across the UK continues, the fresh new face of Grant Thornton, David Dunckley, stated in front of committee...

My Audit Spot
Feb 13, 20194 min read


Audit Planning - Risk and Controls Template Workpaper
As we continue the audit planning process, we need to identify and understand what risks and controls are currently in place. Depending...

My Audit Spot
Feb 12, 20192 min read


Audit Planning - Previous Reviews and Prior Audit Work Template Workpaper
As part of the planning process, it is essential to understand if there has been any previous audit activity within this particular area....

My Audit Spot
Feb 5, 20191 min read


How do you audit a company’s culture?
A company’s culture is important on so many fronts. It’s how the employees feel whilst they are at work. It’s how the public perceives...

My Audit Spot
Feb 4, 20194 min read
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