Audit Planning - Previous Reviews and Prior Audit Work Template Workpaper

Updated: Mar 20


As part of the planning process, it is essential to understand if there has been any previous audit activity within this particular area. Understanding what activity has been performed previously will help us to better identify risks, areas for improvement and areas of focus.

Our review of prior audit activity should not be limited to just previous Internal Audit reviews, but also recommendation / action tracking status, results from the financial statement audit, any key control / SOC compliance reviews performed, and any other ad-hoc assurance gained during the year.

This activity forms part of a suit of planning activities which should be performed to make sure we fully understand the audit topic. Furthermore, by understanding previous audit activity, we can leverage from prior audits to gain some efficiencies in the process (i.e. re-confirming processes rather than starting from scratch). These efficiencies will allow us to better spend our time in other areas we consider there to be more risk, in turn, providing a more insightful and beneficial audit.


An overview of the template and what it looks like is included below:


Simply CLICK HERE to download your FREE template.


To purchase an editable version of this template, PLEASE CLICK HERE.



Subscribe

Contact Us

Join our mailing list here.

We would love to hear from you! You can simply click here, or email us at hello@myauditspot.com.

© 2020 myauditspot

All our legal stuff (and disclaimers) are here.

  • Facebook - White Circle
  • LinkedIn - White Circle
  • Twitter - White Circle
  • Instagram - White Circle
Ecologi_Climate_Positive_Workforce_Lands