1.1 Name of the Auditee (unit audited)
1.2 Period covered under current audit
1.3 Duration of Internal Audit (Indicate dates)
1.4 Brief description of duties/functions of Auditee
1.5 Sanctioned strength and working strength
1.6 Budget / Expenditure of the auditee unit
1.7 Status of outstanding Statutory Audit observations
1.8 Status of outstanding Internal Audit Observations
2 Objective and Scope
Elaborate on the objective and scope of the audit engagement
Elaborate on the methodology employed during the audit engagement.
4 Audit Observations
Each Audit Observation may be structured as described below
Audit Objective: To which Audit Engagement objective does this observation relate?
Criteria: What should exist? The rules / regulations / procedures / expectations are the
basis against which Audit evidence is compared.
Condition: What exists? The condition identifies the nature and extent of deviation
from the criteria i.e. deviation from what should exist. This should be supported by