QAR AUDIT PROGRAM HINTS
A QAR OR QUIP IS AN AUDIT OF INTERNAL AUDIT, NOT OF SOME OTHER AREA OF THE ORGANIZATION (e.g. accounts payable, inventory etc.)

GENERAL:

• Procedures should be selected from the seven evidence gathering procedures (evidence sheet : observation, analytical procedure, confirmation, scanning, document examination, recalculation, verbal inquiry)
• Ensure or make sure is something that mgt. should do, internal audit assesses, in this case, they are assessing themselves
• Determine starts an objective statement, not a procedure
• Reread what you write aloud, if you don't know what you said or if it sounds funny, edit
• After writing a procedure, do you know exactly what to do (ask a classmate to edit)
• In many instances in the past, the procedures were so general, that no one would know where to start - students were mark down for this
• Imagine giving instructions to small children, teaching the rules of soccer or baseball for the first time
• Do not focus on internal controls that have nothing to do with QARs

DEVELOP AN AUDIT PROGRAM - LIST OF AUDIT
OBJECTIVES AND CORRESPONDING AUDIT PROCEDURES
THAT WOULD BE USED TO PERFORM A QAR.

QAR - QUALITY ASSURANCE REVIEW (INTERNAL AUDIT REVIEWING ITSELF)

1. Research on web, IIA, and Protiviti. If you find this material exactly, do not copy, think of your own or you will not get credit
2. Each student will have a minimum of 3 full pages to submit - group will submit together
3. Use the format discussed in class
4. Set timetables
5. Each objective will have one or more (usually more) procedures (evidence gathering procedures). Objectives are reasons why the auditor is to perform the procedure. Procedures are how the evidence is to be gathered (these must be very specific and contain action verbs- not look at some stuff or check some stuff).
6. Ask questions