Report on Auditing Process in Organization

Running head: AUDITING
Auditing
Name of Student:
Name of University:
Author’s Note:

1
AUDITING
Table of Contents
Introduction......................................................................................................................................2
Technical Literature of ISA.............................................................................................................2
Institute of Internal Auditors (IIA)..................................................................................................4
The Control Self Assessment (CSA)...............................................................................................5
Achieving business results in Singapore Airlines Limited..............................................................5
Conclusion.......................................................................................................................................6
References........................................................................................................................................8

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AUDITING
Introduction
The different types of the considerations for the internal controls are seen to be based on
the several types of the evaluation which has been able to state on the specific assumption of
accounting and auditing process which has a relevance to assure the objectives of the
organization in terms of the operational effectiveness and efficiency. The application of
compliance and law along with the relevant policies is seen to be an important part of the
application of the internal control on the process of auditing. A more holistic consideration of the
internal control has been further applied with consideration of the control risk factors. The
internal control adherence has been further discussed with the technical literature such as ISA’s
and other regulatory references. The company chosen to evaluate the adherence to the policies of
the internal control has been further seen with Singapore Airlines Limited (Regoliosi & d’Eri,
2014).
Technical Literature of ISA
The different types of the scope of “International Standard on Auditing (ISA)” have been
seen to be dealing with the responsibility for the recognition and measurement of the risk of
material misstatement in the financial records. This has been further based on the assessment of
accepting of the environment and entity’s internal control. The date of implementation of ISA
has been further seen to be effective from the December 15, 2009. The main objective of the
auditor is identified with the identification and the assessment of the risk of the material
misstatement due to the material misstatements in the financial statement and assertion levels
with the understanding of the entity and the environment. The entity’s internal control has been