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The internal audit function of Plastic Designs Ltd completed the manufacturing process internal audit within the operations department. The following is a list of audit activities that were performed during the audit from planning to reporting: a) The internal audit manager reviewed the audit programme to ensure that the audit objectives and procedures are correctly formulated and aligns with the risk-based internal audit plan. b) The senior internal audit organised a preliminary meeting with the operations manager to assess the control environment in the operations department. c) The CAE required management's confirmation of the updated risk register to prepare the risk-based internal audit plan. d) The senior internal auditor observed compliance with quality assurance procedures at the final stage of each manufacturing process. e) The control deficiencies regarding safety procedures requiring immediate attention were discussed with the executive management for action f) Six employees in the manufacturing plant were interviewed to determine whether compliance with health and safety procedures are understood.

The internal audit function of Plastic Designs Ltd completed the manufacturing process internal audit within the operations department. The following is a list of audit activities that were performed during the audit from planning to reporting: a) The internal audit manager reviewed the audit programme to ensure that the audit objectives and procedures are correctly formulated and aligns with the risk-based internal audit plan. b) The senior internal audit organised a preliminary meeting with the operations manager to assess the control environment in the operations department. c) The CAE required management's confirmation of the updated risk register to prepare the risk-based internal audit plan. d) The senior internal auditor observed compliance with quality assurance procedures at the final stage of each manufacturing process. e) The control deficiencies regarding safety procedures requiring immediate attention were discussed with the executive management for action f) Six employees in the manufacturing plant were interviewed to determine whether compliance with health and safety procedures are understood.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 12MC: The external auditor of a company has certain requirements due to Sarbanes-Oxley. Which of the...
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The phases in the internal audit process are: determining audit 
assignment and overall plan; planning the internal audit (engagement 
planning); performing the engagement (fieldwork) and audit reporting 
and follow up. Based on scenario B, name which phase of the internal audit process 
each of the activities (a - f) listed falls

The internal audit function of Plastic Designs Ltd completed the manufacturing process internal audit within the operations department. The following is a list of audit activities that were performed during the audit from planning to reporting: a) The internal audit manager reviewed the audit programme to ensure that the audit objectives and procedures are correctly formulated and aligns with the risk-based internal audit plan. b) The senior internal audit organised a preliminary meeting with the operations manager to assess the control environment in the operations department. c) The CAE required management's confirmation of the updated risk register to prepare the risk-based internal audit plan. d) The senior internal auditor observed compliance with quality assurance procedures at the final stage of each manufacturing process. e) The control deficiencies regarding safety procedures requiring immediate attention were discussed with the executive management for action f) Six employees in the manufacturing plant were interviewed to determine whether compliance with health and safety procedures are understood.
Transcribed Image Text:The internal audit function of Plastic Designs Ltd completed the manufacturing process internal audit within the operations department. The following is a list of audit activities that were performed during the audit from planning to reporting: a) The internal audit manager reviewed the audit programme to ensure that the audit objectives and procedures are correctly formulated and aligns with the risk-based internal audit plan. b) The senior internal audit organised a preliminary meeting with the operations manager to assess the control environment in the operations department. c) The CAE required management's confirmation of the updated risk register to prepare the risk-based internal audit plan. d) The senior internal auditor observed compliance with quality assurance procedures at the final stage of each manufacturing process. e) The control deficiencies regarding safety procedures requiring immediate attention were discussed with the executive management for action f) Six employees in the manufacturing plant were interviewed to determine whether compliance with health and safety procedures are understood.
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