Financial Reporting

Objectives:
1. Review the effectiveness and efficiency of internal controls utilized to manage the financial and accounting function over the incurrence and recording of the expenditures;
2. Review the efficiency and effectiveness of management systems including governance, HR, organizational structure and strategic planning; and
3. Assess the adequacy of the performance management framework including data collection, analysis, and reporting.

Audit standards (best practices) for the IT Controls (general) line of inquiry

Audit standards (best practices) for organization structure line of inquiry