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Changing Your Paradigm on
Risks and Controls
Stacey Walker, CPA
Director, Internal Auditing
Office of Audit, Compliance & Privacy
November 1, 2017OBJECTIVE: PARADIGM CHANGE
Paradigm A set of assumptions,
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How to fill out significant audit inspection topics

How to fill out significant audit inspection topics
01
Identify the key areas of the audit that will be subject to inspection.
02
Gather all relevant documentation and evidence to support the audit findings in those areas.
03
Review previous audit reports and any feedback from regulators to understand common areas of focus.
04
Prepare detailed explanations and justifications for any significant findings or deviations from standard practices.
05
Be prepared to discuss and defend the audit process and conclusions during the inspection.
Who needs significant audit inspection topics?
01
Regulatory agencies conducting audit inspections
02
External auditors performing independent audits for organizations
03
Internal audit teams within companies ensuring compliance and best practices
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What is significant audit inspection topics?
Significant audit inspection topics are areas of audit review that are deemed important or critical by regulatory authorities.
Who is required to file significant audit inspection topics?
Audit firms or auditors are required to file significant audit inspection topics.
How to fill out significant audit inspection topics?
Significant audit inspection topics are filled out by providing detailed information on the areas of audit review considered important by regulatory authorities.
What is the purpose of significant audit inspection topics?
The purpose of significant audit inspection topics is to ensure that audits are conducted effectively and in compliance with regulations.
What information must be reported on significant audit inspection topics?
Information such as findings, recommendations, and actions taken in response to audit inspections must be reported on significant audit inspection topics.
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