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ndicate for each of the audit activities the phase / step of the internal audit process. 1 . Perform a walkthrough of the distribution department
ndicate for each of the audit activities the phasestep of the internal audit process.
Perform a walkthrough of the distribution department to determine the preliminary assessment of the risks relevant to the distribution department and ensure engagement objectives are in line with the results of the risk assessment. Blank
Phase : Planning the internal audit Engagement planning
Schedule followup activities with the head of the distribution department for three months after the completion of the audit. Blank
Phase : Determining audit assignment and objectives Audit engagement
Inform management that an internal audit engagement has been scheduled in July for the distributions department for the audit period January to May Blank
Phase : Performing the engagement Fieldwork
Inspect the policies and procedures that relate to the distribution department to ensure that they are approved by management. Blank
Phase : Audit reporting and followup Monitoring progress
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