Apollo Shoes Audit Timeline

Topics: Management, Auditing, Audit Pages: 1 (254 words) Published: November 10, 2014
Apollo Shoes Audit Timelines & Milestones

Audit Phase
Audit Deliverable
Administrative
Responsibility
Completion
Timeframe*
Planning
Schedule the Audit
Lead Auditor
-3mths

Audit Confirmation Letter - Prepare
Lead Auditor
-6wks

Travel Authorization (if applicable)
Lead Auditor
-6wks

Audit Confirmation Letter - Distribute
Lead Auditor
-5wks

Senior Management Meeting Planner Request - Prepare
Staff
-4wks

Kick-Off Meeting with Auditee (i.e. risks, department overview & audit process) Lead Auditor
-4wks

Senior Management Meeting Planner Request - Schedule
Lead Auditor
-3wks

Risk Analysis Reconciliation
Staff
-3wks

Perform Preliminary Analytics / Assessment of KPIs
Staff
-3wks

Meet with Mgmt. to review Team Responsibilities*, Risk Analysis, Preliminary Analytics, Proposed Scope and Budget Template

*Should specify review responsibilities; All areas require one level of review; high risk areas require two levels of review Lead Auditor & Staff
-2wks

Finalize Audit Program
Staff
-1wk
Fieldwork
Execution of Field Work (Walkthroughs and Detailed Testing)
N/A
0 - 4 wks

Reassess Audit Timeframe
Lead Auditor & Staff
+2wk
Wrap Up
Review Potential Exceptions with Applicable IA Management
Staff
+4wks

Closing Meeting (with auditee)
Staff
+4wks

Draft Audit Report to Mgmt.
Staff
+5wks

Draft Audit Report to Auditee for Mgmt. Responses (after manager's review) Staff
+5wks

Draft Audit Report to Apollo Shoes
Lead Auditor & Staff
+6wks

Receipt of Management's Responses
Staff
+7wks

Senior Management Meeting
Lead Auditor & Staff
+8wks

Issue Final Audit Report & Executive Summary
Lead Auditor & Staff
+8wks

Populate Audit Follow-Up Template
Staff
+8wks

Evaluations - Complete Self-Assessment
Lead Auditor & Staff
+9wks

Evaluations Discussion
Lead Auditor & Staff
+10wks
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