Suppose that you are the director of internal auditing for a large utility company and you recently

Question:

Suppose that you are the director of internal auditing for a large utility company and you recently assigned one of your younger auditing staff members to lead a new audit. This was his first opportunity to plan and lead an audit from the beginning. About 10 days after the audit began, he called you and explained that he had finished the initial survey, but he doesn’t remember what comes next.

Required:

a. What are the possible next steps?

b. How does he know which of those steps to take? Explain.

E-14The following is a working paper prepared by an auditor assigned to examine the branch operations of a large bank:

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