Key Tasks and Responsibilities: Audit Evaluation & Reporting Phase RESPONSIBILITIES Guideline TASKS AO/Assistant Deputy Director Reference Director Director Director General 7.4 Documenting Internal Control P R Weaknesses Impact Analysis. – 7.5 Calculating Analytical Procedure P R S Thresholds. 7.6 Documenting Evaluation of P R Analytical Procedures. 7.7 Evaluating Internal Control P R Deviations. 7.8 Conducting Substantive Tests P S R Evaluation Projectable Errors from – Sample. 7.9 Documenting Substantive Tests P S-R Evaluation Non-Projectable Errors. – 7.10 Calculating Substantive Tests P S-R Evaluation – Summary. 7.11 Documenting Achieved Level of P R Assurance Form. 7.12 Evaluating Error in Each Component. P R S 7.13 Summarizing and preparing Overall P R S Error in Financial Statements. 7.14 Documenting P P-S R Violations. 7.15 Drafting Checklist of Management P S R Representation Letter. 7.16 Obtaining Management P R Representation Letter. 7.17 Documenting Audit Completion P R-S A Checklist. 7.18 Memorandum Supporting Signature. P R A 7.19 Recommending Opinion P R-A Auditor’s 7.20 Following up the Continuity P R-S Schedule
Key Tasks and Responsibilities: Audit Evaluation & Reporting Phase Guideline Reference TASKS RESPONSIBILITIES AO/Assistant Director Deputy Director Director Director General 7.4 Documenting Internal Control Weaknesses – Impact Analysis. P R 7.5 Calculating Analytical Procedure Thresholds. P R S 7.6 Documenting Evaluation of Analytical Procedures. P R 7.7 Evaluating Internal Control Deviations. P R 7.8 Conducting Substantive Tests Evaluation – Projectable Errors from Sample. P S R 7.9 Documenting Substantive Tests Evaluation – Non-Projectable Errors. P S-R 7.10 Calculating Substantive Tests Evaluation – Summary. P S-R 7.11 Documenting Achieved Level of Assurance Form. P R 7.12 Evaluating Error in Each Component. P R S 7.13 Summarizing and preparing Overall Error in Financial Statements. P R S 7.14 Documenting Violations. P P-S R 7.15 Drafting Checklist of Management Representation Letter. P S R 7.16 Obtaining Management Representation Letter. P R 7.17 Documenting Audit Completion Checklist. P R-S A 7.18 Memorandum Supporting Signature. P R A 7.19 Recommending Auditor’s Opinion P R-A 7.20 Following up the Continuity Schedule P R-S
Federal%20Audit%20Guidelines_%20Final%2022-03-2010(formated).docx