A CISA is expected to have a thorough understanding of the entire audit process. Choose two of the 10 stages (listed below), and in your own words describe each chosen stage and its importance to the overall auditing process. Discuss any challenges related to each chosen stage and how you would deal with them. How might success or failure of the stage impact the success or failure of the audit?
Audit planning
Scheduling audits
Assuring competence of auditors and audit team leaders
Selecting appropriate audit teams
Assigning roles and responsibilities
Conducting audits
Maintaining audit program records
Monitoring performance and effectiveness
Tracking complaints
Reporting to top management on overall achievements