TABLE OF CONTENTS The next three chapters (Chapters 5 7) are set out to be read as if you, the reader, have been appointed the lead auditor for a new audit assignment.
The chapters follow The Audit Process Roller Coaster stage by stage:
set-up
review and verify
conclude (report).
In these chapters, we describe our selection of the most important matters to think through in anticipation of each defined stage and how to carry them out to produce an excellent result.
In exactly the same way that sports psychologists work with athletes to envisage each detail of how they are going to complete the course and how to do their best to win the race, a lead auditor too must have a clear view of the route ahead and know how to react at each critical moment along the route, before they set off on their journey. If they are not confident in the audit process, then both they and their audit team will underperform.
A-Factor 29: Lead auditors must have a clear view of their process, and know how to react at each stage.
Efficient and effective use of the first 20 per cent of the total audit time will enable the lead auditor to significantly increase the success and usefulness of the audit s outcome. The set-up stage covers the preparatory activities and the project planning that is necessary to ensure that the next 60 per cent of...
