2.5 At the monthly management meeting of Book Worm, the Managing Director outlined a new organisational structure. The changes are due to the planned introduction of global responsibilities for the Information Technology (IT) department. The major changes include: The elevation of the IT Manager to equal status with the other department heads to be able to integrate technology into reporting and management activities more effectively. The Board of Directors has established the objective of increasing the use of technology in providing improved and more timely internal and external reports and more effective management control over inventories and sales. The elevation and establishment of the Internal Audit team to be completely independent of the accounting department. This is to allow the objective assessment of accounting and provide increased opportunities to be involved in reviewing other departmental operations You decide to review the entire IT department to assist in establishing new efficiencies. The internal audit report for the review of the IT operations is to reflect the new organisational structure and the amended corporate objectives. Review the Internal Audit Findings of the IT Department. This is available in the Assessment Resources folder. a. Based on the initial findings, use the IT Internal Audit Report Template located in the Assessment Resources folder to write an internal audit report. In your report: Identify who should be given copies of the report by completing the To and cc distribution list Outline three (3) issues or weaknesses found in your operational audit of the IT department, including explaining the consequences of these weaknesses Outline three (3) recommendations for improvement. The above items are highlighted in yellow in the Internal Audit Report Template for you to complete. You must upload this document with your completed assessment workbook.b. The Senior Internal Auditor has now requested you prepare an Audit Timetable to implement C. The senior auditor has asked you to email the proposed timetable to the IT Manager, Nathan and review the recommendations. Brown, and the Head of Internal Audit, Patricia Casey, for review. You finished the audit on 1st July. Based on consultation with the IT Manager, the Use the following template to write an email to IT Manager and Head of Internal Audit, asking recommendations are expected to be implemented within six months. them to review the timetable and ensure it is suitable. The Senior Internal Auditor has advised that under the internal audit plan, you must Ensure you: complete a review of the new controls within 12 months. address the email to the relevant people Complete the Internal Audit Timetable Template below to appropriately prioritise the tasks . refer to the attached timetable (by entering 1 - 4) and include deadlines. ask them to review and confirm its suitability Priority Proposed Activity Who Deadline Cost/Resources Required appropriately close the email. (1-5) Train staff in security procedures Financial 10 staff FILE MESSAGE INSERT OPTIONS FORMAT TEXT REVIEW Controller do Cut Calibri (Bor . 11 . A - B . 9 92 P Follow Up . and communicate any Q En Copy ! High Importance adjustments to internal controls Paste Bry ZA . =3 64 Address Check Attach Attach Signature Zoom Format Painter Book Names File Bem - + Low Importance through company-wide Clipboard Basic Text Names Include Tags r Zoom channels. To Develop a regular compliance Managing 2 staff Subject check procedure for the Director Send monitoring of the internal controls. Develop control procedures Financial 5 staff based on the inefficiencies Controller identified in the audit. Perform compliance check to Internal 1 staff monitor the implementation of Auditor the new internal controls