DeVry University General Electric Company Operational Audit Paper

FIELD WORK/FINDINGS PHASE PORTION

In the Field Work Phase, your audit team is (hypothetically) out at the company performing the audit techniques that you identified in your Work Program. The team may be conducting interviews, observing, reviewing company documents, calculating financial ratios, or benchmarking the company’s data against competitors, among other things! What did your team find when it conducted its audit? This phase simply gathers the data collected out in the field. You may use the Specific Field Work Techniques given on page 137 and Sample work papers file sections given on page 161 of the Reider text.

1. No or less than three attributes are used in the development of Review Findings.
2. No or only a few possible causes for the findings are not given.
3. Recommendations either not given or recommendations do not confirm to the three E’s of operational audit.
4. Less than Five attributes are used in the development of Review Findings.
5. Not all possible causes for the findings are given.
6. Recommendations do not confirm to all the three E’s of operational audit.
7. All the five attributes are used in the development of Review Findings.
8. All possible causes for the findings are given.
9. Recommendations confirm to all the three E’s of operational audit.