Audit Management¶
Overview¶
Audit management coordinates internal and external audit activities, ensuring proper preparation, execution, and follow-up across portfolio assets.
Audit Types¶
Internal Audits¶
Self-assessment:
- Operational audits
- Compliance audits
- Financial audits
- Process audits
External Audits¶
Third-party review:
- Financial statement audits
- Regulatory examinations
- Certification audits
- Due diligence reviews
Audit Process¶
Audit Planning¶
Preparation phase:
- Scope definition
- Resource allocation
- Timeline development
- Documentation gathering
Findings Management¶
Issue Tracking¶
Finding resolution:
- Finding documentation
- Risk assessment
- Action planning
- Progress monitoring