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Evidence Guide: SFICPL401 - Conduct an investigative audit

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

SFICPL401 - Conduct an investigative audit

What evidence can you provide to prove your understanding of each of the following citeria?

Determine audit risk

  1. Develop knowledge of business structures and practices associated with fish production records, processing, wholesale and retail marketing
  2. Determine scope of audit program in the context of relevant fisheries management arrangements, fraud risk assessment and available intelligence
Develop knowledge of business structures and practices associated with fish production records, processing, wholesale and retail marketing

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine scope of audit program in the context of relevant fisheries management arrangements, fraud risk assessment and available intelligence

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop audit plan

  1. Define initial audit objectives based on type of business being audited
  2. Determine resources required to conduct audit, and plan for their allocation
Define initial audit objectives based on type of business being audited

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine resources required to conduct audit, and plan for their allocation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify operating systems for the business entity being audited

  1. Prepare flowchart and working papers documenting business operating systems
  2. Assess potential for targeted activity within business entity fishing operation
  3. Assess potential for success in locating authentic material information and evidence related to targeted activity and audit objectives
  4. Select appropriate audit methodologies and types of material information and evidence
Prepare flowchart and working papers documenting business operating systems

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess potential for targeted activity within business entity fishing operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess potential for success in locating authentic material information and evidence related to targeted activity and audit objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select appropriate audit methodologies and types of material information and evidence

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct investigative audit

  1. Incorporate selected audit methodologies into audit plan and adjust, as required, by the audit progress
  2. Conduct stocktake according to audit plan
  3. Perform substantive tests of transactions within the business operating systems for the time period specified in audit plan, and identify anomalies and irregularities
  4. Document results of investigations
Incorporate selected audit methodologies into audit plan and adjust, as required, by the audit progress

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct stocktake according to audit plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Perform substantive tests of transactions within the business operating systems for the time period specified in audit plan, and identify anomalies and irregularities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document results of investigations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate, review and report on the audit

  1. Ensure information and evidence obtained is sufficient, complete, reliable and valid
  2. Ensure evidence meets jurisdictional requirements for admissibility of evidence
  3. Prepare and issue audit report to relevant authorities
  4. Develop knowledge of business structures and practices associated with fish production records, processing, wholesale and retail marketing
  5. Determine scope of audit program in the context of relevant fisheries management arrangements, fraud risk assessment and available intelligence
  6. Define initial audit objectives based on type of business being audited
  7. Determine resources required to conduct audit, and plan for their allocation
Ensure information and evidence obtained is sufficient, complete, reliable and valid

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure evidence meets jurisdictional requirements for admissibility of evidence

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and issue audit report to relevant authorities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop knowledge of business structures and practices associated with fish production records, processing, wholesale and retail marketing

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine scope of audit program in the context of relevant fisheries management arrangements, fraud risk assessment and available intelligence

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Define initial audit objectives based on type of business being audited

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine resources required to conduct audit, and plan for their allocation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge