Page 8 - IA Manual Mobile Version

10. Work Execution

a. Respective team member will be working under supervision of Senior Team Member and
Audit Manager. STM
b. Guidance/directions to the team members to carry out the work would be given by Senior AM
Team Member and Audit Manager.
c. Previous workings can be used as references. TM
(Note that, those workings papers are used as references not the extent of work to be performed)
d. Document client specific processes and area wise tasks to be performed over and above AM
general tasklist. Update client master in Papilio accordingly.
e. After completion of tasklist, Senior Team Member would review working papers of Team STM
Members
f. All inputs, changes and review points suggested by Audit Manager / Engagement Partner to
be documented under message Section in Papilio and should be complied with.
TM
g. All observations / annexures should be prepared in standard formats which are made
available to the team members

Papilio Compliance During the Tenure of the Audit

a. Upload work in papilio on a daily basis by all the team members

b. Tasklists are closed within the stipulated time on a daily basis during the course of audit
STM
c. All important aspects to be incorporated in the message section including Minutes of key
meetings with Stakeholders, Engagement Partner, Managers & Inter Team.

d. Engagement letter for the audit period is signed off & Uploaded in Papilio
e. Update audit master file w.r.t. client specific process & audit approach. Update the same in AM
Papilio through IT Manager

f. Each member should maintain respective observation sheet and consolidate the same on
weekly basis. Upload the observations sheets separately into Papilio and don’t club along STM
with other audit workings.

11. Escalation Process by Team Members

a. During the course of audit, any hurdles faced by the team should be updated to Audit STM
Manager.
b. On non-receipt of data within 24 hours of deadline informed by the client, send a reminder
mail to person at executive level & an oral reminder to be made (Keep Audit Manager in
Loop).
c. In case the delay continues, another reminder is to be sent after next 24 hours, marking TM
AM
senior reporting authority & an oral reminder to be made (Keep Audit Manager in Loop).
d. In case the delay continues, the Audit Manager escalate the delay to ultimate authority and
Engagement Partner.