Example 1
|
[YEAR] Audit Review Plan | |||
|---|---|---|---|
|
Area |
Scope |
Projected Timing |
Assigned Accountability for Audit |
|
Fraud Risk Management* |
Evaluation of the potential for the occurrence of fraud and how the organization manages fraud risk |
1st Quarter |
Internal Audit and Finance |
|
Conflict of Interest/Conflict of Commitment |
Assessment of the adequacy and clarity of existing policies and procedures designed to identify and manage potential financial conflicts of interest and conflicts of commitment by employees |
2nd Quarter |
Compliance and Legal |
|
Compensated Outside Professional Activities |
Assessment of compliance with policies and procedures on reporting compensation outside professional activities |
3rd Quarter |
Compliance |
|
Ethics and Compliance Programs*† |
Evaluation of the design and infrastructure of the organization’s ethics and compliance program |
3rd Quarter |
Third Party (Compliance can’t be independent) |
|
Executive Compensation |
Review of Executive Compensation |
3rd Quarter |
Internal Audit, Compliance |
|
Data Privacy |
Review for compliance to policy on mobile devices |
4th Quarter |
Compliance and Privacy Officer |
* Audit required by [NAME] regulatory, accreditation, or other agency
† Audit will be outsourced due to subject matter needed or need for independence