AREA AUDIT, REVIEW, PROJECT OBJECTIVES PRIORITY

Internal Audit Project-Audit Plan

Perform the annual risk assessment with input
from the business units and prepare the
annual audit plan
Mandate by the
Internal Audit Charter
Executive
Project-Policies and
Procedures
eview the documentation of key business
processes to ensure risks and controls are
identified
!i"h-Executive #eam
e$uest
All Area Project-%&P
eview the %tandard &peratin" Procedure to
ensure functions are operatin" appropriately'
!i"h- Executive #eam
e$uest
#reasury
eview-Approval for
purchase of inventories
eview the approval threshold for purchase of
inventories'
!i"h-E( )indin"
I#
eview-CC#* operatin"
mechanism
#o ensure that the system is bein" operated in
such a way as to meet the ori"inal objectives
+trackin" of suspect, outlet monitorin",
discoura"e attempt to breach re"ulation,
record-keepin"-
!i"h- &ffice of
Mana"in" .irector
e$uest
emittance
&peration
eview-Cash in #ransit
insurance covera"e
eview the cash in transit insurance
covera"e'
!i"h-E( )indin"
Compliance
eview-%afe box limit
eview the safe box limit to a reasonable
threshold and the control of limit is effectively
executed by the branches'
!i"h-E( )indin"
Audit-Cash Collections
.etermine that the cash handover to
%upervisor to be kept in safe box and the safe
box key to be kept in safe place'
!i"h-E( )indin"
Accountin"
Audit-)ixed Asset #a""in"
.etermine the ta""in" exercise undertakes for
all asset and maintain a proper record of fixed
asset'
!i"h-E( )indin"
eview-Inventory
Mana"ement
.etermine that proper inventory mana"ement
implemented via new system and able to
inte"rate data accurately'
!i"h-E( )indin"
eview-Accrual of royalty
points
.etermine that loyalty points reco"nise for
each customer in the new system'
!i"h-E( )indin"
eview-Marketin" Expenses
.etermine that expenses incurred on free "ift
char"ed out upon redemption
!i"h-E( )indin"
eview-Mana"ement
account
eview $uarterly reportin" !i"h
Audit-Indication of review
and approval
.etermine that all documentations are
properly reviewed and approved by senior
mana"ement
!i"h-E( )indin"
Audit-Pre-numbered forms
.etermine that the respective forms are pre-
numbered and appropriately filed
!i"h-E( )indin"
Project-%
eview the accuracy and completeness of the
% to ensure compliance with applicable
standards'
!i"h-Executive #eam
e$uest