Page 6 - IA Manual Mobile Version

5. Service Creation

a. After ascertaining the status of initial requirements (Usually 40% - 50% of information
requested); mutual consent with client & based availability of team members, service
creation request mail is sent to designated person (authorised to create services) by
Audit Manager marking CC to Engagement Partner with below details:
AM
• Client name
STM
• Title of the service (Mentioning the period under review)
• Team Members (Members to be associated)

• Start Date & End Date

Papilio Compliance

a. Retrieve previous audit workings

b. Refer previous audit tasklists
STM
c. Create specific tasklist applicable to the client and add the same to general tasklist

d. Assign tasks amongst the team members
e. Upload scope document - As Message in Papilio AM

f. Note about the Company and nature of operations - As Message in Papilio
g. Details of corporate office, branches, subsidiary, holding companies, warehouses, if any -
STM
As Message in Papilio
h. Details of contact persons - As Message in Papilio

6. Briefing and Audit Deadline

During the inception of the audit, it is the key responsibility of the Audit Manager to explain
the team about client's business, scope of the audit, management & partner's expectations
from the audit. This meeting is to ensure that risks associated with each area to be audited are
assessed & tasks are allocated to each team member based on their competence & experience. AM
Also, the team is clearly guided to utilize the expert knowledge available in the firm in case
they feel the need to do so. A draft audit program is framed considering the tentative deadlines
for each area of work as per scope.