Sample Strategic Internal Audit Plan (Word DOC)

1. Role of Internal Audit
2. Introduction and Purpose of this Strategy
3. Acknowledgements
4. Audit Approach
5. Audit Working Procedures and Practices
•  The Audit Toolbox
•  Audit Reporting
6. Internal Audit Assistance in UWCN Risk Management
7. Fee-Earning Work
8. Links To Institute of Internal Auditors (IIA) and Other Bodies
9. Staffing
10. Operational Plan 2001/02
11. Strategic Plan 2002/05
12. Annex A – Key Risks
13. Annex B – Audit Universe
14. Annex C – Analysis of Systems and Risk

This document provides a comprehensive breakdown of internal audit processes, covering critical areas such as finance, governance, and risk management. It includes detailed sections on financial planning, income management, and expenditure controls, ensuring thorough oversight of financial operations. The document also addresses cash and banking procedures, treasury management, and financial accounting, offering a robust framework for maintaining financial integrity.

The audit plan extends to operational areas beyond finance, including student union governance, sportsground management, and environmental policies. This holistic approach ensures that all facets of the organization are subject to rigorous scrutiny and continuous improvement. The inclusion of key risks and an audit universe analysis further strengthens the strategic planning process, providing a clear roadmap for addressing potential vulnerabilities.

This strategic internal audit plan is an essential tool for C-level executives seeking to enhance their organization's audit capabilities. It offers a detailed, methodical approach to auditing that aligns with industry best practices and regulatory requirements. By leveraging this document, executives can ensure their internal audit function is both effective and aligned with their strategic objectives.