Author

IIA-Australia

Date

Topics Explored

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Extract/Description

As internal auditors we are expected to make assessments about processes. Usually, our audit clients are interested in knowing whether they can rely on a particular process. While our clients might be interested in the errors we find, they are usually much more interested in our view of overall performance.

Key Points

• There are two major streams of enquiry to form this conclusion:
  • Examining the design and operation of the process (Control Testing)
  • Examining the outcome of the process (Outcome Testing)
• Both the testing approaches are valid and are both valuable in the internal audit process.

Relevant Industries

Level of Assumed Knowledge