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ITAS 669 AIUO Risk Based Auditing Discussion

 

At the end of each unit, DB participation is assessed based on level of engagement and the quality of the contribution to the discussion. DBs allow learners to learn through sharing ideas and experiences as they relate to course content. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB are accepted after the end of the unit. Learners must demonstrate an appropriate depth of understanding of course content to receive credit for having submitted substantive posts. Typically, this is achieved with 3–4 strong paragraphs for Main Posts and 2–3 strong paragraphs for Response Posts.

The management team of PVSS is concerned that the team may be trying to audit too many areas and that things may be missed. They are also concerned that PVSS will not be able to finish solving all of the issues in a timely manner. With this in mind, they have decided to focus on only a few key issues.

  • What is your understanding of how a risk-based audit may address these concerns?
  • Explain how you would describe to the management team the difference between a compliance and a substantive audit. Provide examples to help clarify your explanation.
  • Which type of audit should be performed in this project and why?