Resources Mitigation Resources

Risk-based internal audit planning

Application

Plan internal audits around the highest-risk projects and processes; use risk scoring to prioritise procurement, contract changes, delivery, and payments, and follow up unresolved findings.

Resources

  • Risk-based internal audit plan template (audit universe and risk scoring)

    Template

    Institute of Internal Auditors

    Institute of Internal Auditors. (n.d.). Developing a risk-based internal audit plan (2nd ed.). Available from: https://www.theiia.org/en/content/guidance/recommended/supplemental/practice-guides/developing-a-risk-based-internal-audit-plan/

    Available from ↗ Download static copy ↓

  • Annual internal audit workplan template (coverage, timelines, resources)

    Template

    Public Sector Accounting Standards Board

    Public Sector Accounting Standards Board. (n.d.). Annual risk-based internal audit work plan template. Available from: https://www.psasb.go.ke/Documents/Internal%20Audit%20Standards/Manuals%20and%20Templates/Public%20Sector%20Entities/Templates/Template-8-Annual-Risk-Based-Internal-Audit-Work-Plan.pdf

    Available from ↗ Download static copy ↓
Project Phases
Phase 1:Project Identification Phase 2:Financing & Appraisal Phase 3:Planning & Design Phase 4:Tender Management Phase 5:Project Execution Phase 6:Operation & Maintenance Phase 7:Evaluation & Audit
Linked Risks
Primary Users

Public authorities; Investors; Companies