Skip to main content

Day 43: IT Audit Asset Verification and Evidence Collection

Today, the Audit Unit continued conducting the IT audit. My task for the day involved inspecting additional assets that had been purchased and cross-checking their serial numbers against those stated in the invoices provided by the supplier. This process was carried out to ensure that the purchased assets were correctly recorded and assigned to the appropriate users.

In addition, we conducted further evidence collection by taking photographs of the audited assets. These photographs serve as supporting audit evidence and help strengthen the findings and observations presented in the audit report. Through this activity, I gained a better understanding of the importance of asset verification and evidence collection in ensuring the accuracy and reliability of audit findings.

This activity allowed me to gain more exposure to the practical procedures involved in an IT audit. I learned that verifying asset information against supporting documents, such as supplier invoices, is important to ensure the accuracy and accountability of organizational assets. The process required careful attention to detail, as even small discrepancies could affect the reliability of audit records.

Furthermore, assisting in the collection of photographic evidence helped me understand the importance of supporting audit findings with sufficient evidence. Overall, this experience improved my understanding of audit practices and strengthened my ability to perform verification and documentation tasks more effectively.

Comments

Post a Comment

Popular posts from this blog

First Day of Internship!

I started my first day of internship by reporting for duty at the MAIDAM office at 8:00 a.m. I was required to fill in the Act 88 form (Official Secrets Act, Appendix E). Then, I was assigned to my department, the Internal Audit Unit, where I had a brief introduction session with all the unit members, including the Information Technology team, who share the same office space. In the Internal Audit Unit, there are four members consisting of a Head of Internal Audit, a Senior Assistant, and two Assistants. After that, I began familiarizing myself with the scope of work and audit procedures in the department by reading the Internal Audit Manual, Treasury Instructions, flowcharts, and audit procedure manuals. I was also assisted in downloading the attendance application for clock-in and clock-out purposes and was given an access card. In addition, I was given a small task to suggest improvements that could enhance the overall efficiency of the workflow, as well as to provide any genera...
Post a Comment
Read more

Day 7 of My Internship

Today went as usual as I continued working on my report and adding features to the system. The system is functional, but not completely good yet, as there are still many improvements that can be made to make it more convenient, efficient, and distinct from the usual systems used. Furthermore, I also had the opportunity to attend a Raya celebration at Yayasan Pendidikan Maidam at their office. It was a great experience as I got to meet and get to know various officers from different departments while enjoying our time together. In addition, I had the chance to consult with an assistant from the Internal Audit Unit about another type of system. He explained a system they have proposed to the Information Technology department and discussed whether it could be developed through in-sourcing. The system is related to maintaining an audit trail when they are questioning their clients. I have taken this into consideration and compared the feasibility of both systems to decide which system I s...
Post a Comment
Read more

Day 4 as an Intern

I started my fourth day by reviewing my draft project and continuing to work on it. The Senior Assistant explained to me the use of Treasury regulations and circulars in auditing files for various departments in the government statutory sector. Today, I focused on reading and studying contract-related documents, including Treasury Act 169D, Government Procurement 2.10 (Direct Purchase for Supplies and Services), Government Procurement 2.11 (Direct Appointment and Requisition Works), and Government Procurement 4.2 (Letter of Acceptance, Government Orders, and Government Indent for Procurement). Specific exposure was given to me, as these matters will be discussed in a meeting scheduled for next week, and I can take this as a real-life example for future reference. I have also been informed that there will be an upcoming audit on wakaf, where I will be able to experience the actual audit process.  The Head of Unit also mentioned about about the sampling process, and I decided to revi...
Post a Comment
Read more