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    bittermelon2009
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    The internal audit program for ABC Group's Warehouse 1 assesses controls over stock issuance. It examines serial numbers of all stock issuance notes for omissions or duplications. It also checks whether the warehouse supervisor completed checklists to review serial numbers monthly and the warehouse manager reviewed them. The audit found the warehouse supervisor did not check serial numbers in the past 12 months, representing a control weakness.

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    The internal audit program for ABC Group's Warehouse 1 assesses controls over stock issuance. It examines serial numbers of all stock issuance notes for omissions or duplications. It also checks whether the warehouse supervisor completed checklists to review serial numbers monthly and the warehouse manager reviewed them. The audit found the warehouse supervisor did not check serial numbers in the past 12 months, representing a control weakness.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    22K views1 page

    Sample APG

    Uploaded by

    bittermelon2009
    The internal audit program for ABC Group's Warehouse 1 assesses controls over stock issuance. It examines serial numbers of all stock issuance notes for omissions or duplications. It also checks whether the warehouse supervisor completed checklists to review serial numbers monthly and the warehouse manager reviewed them. The audit found the warehouse supervisor did not check serial numbers in the past 12 months, representing a control weakness.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    ABC Group Internal Audit Program Function: System: Warehouse 1.

    Stock issuance Prepared by: Reviewed by: Prepared date: Reviewed date:

    APG #
    1.1

    Risk/Control Issue

    Current Control/Measure

    WP ref.
    A1

    Detail testing
    Use ACL to exam all SINs numbers and see whether omission or duplication exists.

    Control exist and effective (Yes / No)


    Yes

    Weakness / noncompliance to audit report


    N/A

    Audit finding number


    N/A

    Omitted or duplicated of All SINs have a serial number. stock issuance note (SIN) Warehouse supervisor will review the serial numbers and follow up any irregulations on a monthly basis. A checklist will be prepared by the Supervisor after checking. The checklist will be reviewed and sign off by the Warehouse Manager.

    A2

    Select 2-3 months checklists and see whether they were properly completed and reviewed.

    No

    Warehouse supervisor did not check the serial number in the past 12 months.

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