Using the audit file from the previous exercise, continue with the audit engagement process. Your task is to work with your audit team to prepare the audit program, perform the procedures specified in the program, document any issues you find, and draft the audit report. You have been instructed to document procedures that will meet the objectives of your audit project. This will include:
■ Document the work associated with the procedure steps and adding workpapers to support your conclusion.
■ Ensure that all procedures and workpapers are signed off on as prepared and reviewed.
■ For one of the procedures performed, document an observation and ensure that all elements of the observation are clearly identified.
■ Provide one recommendation that would address the observation that was documented. Assign a business contact to the recommendation as the owner and provide a date of 12/31/20XX for the estimated implementation date. The owner should be the responsible party of the business unit within the organization. Refer to the Case Overview for additional information.
■ After completing all of the necessary information relating to the observation, select the release button for it to be released to Implementation Tracking. Perspectives within TeamMate+ are a way to focus on different elements within the project that will assist in the day-to-day activities. Review the various perspectives that can be used and discuss two perspectives that were seen to be most helpful. Why are the two perspectives identified considered to be the most helpful?