SAMARITA_M2 - EXERCISE 1 IT Audit Planning CBEAM 03
Appendix 1: IT Planning Memo
Memo
Date: March 18, 2021
To: The Financial Statement Audit File
From: Ann Christelle Samarita, Makati Branch
Subject: IT Audit Planning
Purpose
The purpose of this memo is to outline the procedures associated with the
involvement of the Information Technology Auditors (“IT Auditors”) in connection with
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SAMARITA_M2 - EXERCISE 1 IT Audit Planning CBEAM 03
Appendix 1: IT Planning Memo
Memo
Date: March 18, 2021
To: The Financial Statement Audit File
From: Ann Christelle Samarita, Makati Branch
Subject: IT Audit Planning
Purpose
The purpose of this memo is to outline the procedures associated with the
involvement of the Information Technology Auditors (“IT Auditors”) in connection with
the financial statement audit (“financial audit”) of Company VBG Enterprises
Corporation for the year ending on December 31, 2020. The approach for the IT
audit outlined herein serves as a supplement to the financial audit planning
memorandum and should be reviewed in conjunction with such working paper.
Planning Discussions
As detailed in the working paper w/p 1000.1, a discussion with the financialaudit
Partner, Principal, or Director was held to determine the level of IT audit
involvement. During this planning meeting, risk assessments of areas tobe
addressed were also discussed along with the nature, extent, and timing of
planned tests ofcontrols described further in this planning memo.
IT Audit Team
The IT audit team will consist of the following:
Role Name
Partner, Principal, or Director Pilar
Manager or Senior Manager Myrna
Senior Sierra
Staff Ayra Say
Timing
Timing of the IT audit work is scheduled as follows:
1. Planning (starting 06/01/20, ending 03/01/21)
2. Interim (starting 03/01/21, ending 04/30/21)
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