Internal Audit – Operational, Financial and IT Systems

Industry: Fortune 500 Manufacturing

Scope: Internal Audit—Operational, Financial and IT

Background: As part of its annual operational audits of this CTS Impact client’s 850 manufacturing facilities, field audits were performed globally on a rotational basis, driven by an annual risk assessment.
Due to resource-constraints, this client needed experienced auditors with manufacturing industry experience who could quickly ramp-up to execute audit plans related to operational efficiency, financial controls and IT systems controls.

CTS Impact Solution: With significant depth in large, complex manufacturing environments, CTS Impact deployed a team of experienced Internal Auditors to perform the following:

  • Develop test plans based on internal control questionnaires (ICQ)
    • Operational
    • Financial
    • IT (using COBIT/ITGI framework)
  • Perform testing and document audit findings
  • Identify operational inefficiencies
  • Conduct closing meetings with business units to communicate findings and recommendations
  • Prepare audit reports
2017-02-08T23:41:19+00:00