Audit Policy Template Update

Audit Policy Template Update Detail - 06/14/07

What's New

Topic 13 - Information Technology Audit Guidelines. The contents of this topic was copied from our Information Systems Security Policy Template product at the request of numerous clients.

Audit Certification Worksheets Form Template - 42 Pages. This new product is included with the purchase of the policy template product and was created in part from deleted procedural topics of the former policy for clients who desired to provide a set of individual audit certification work papers for use by their internal audit staff.

What's Revised

Topic 2 - Policy Statement. A new subtopic "Audited or Certified Areas" (formerly Topic 12 - Audited Areas) was added to provide examples of audited areas within a financial institution.

Topic 11 - External Audit Guidelines. The "Periodic Loan Review" bullet point was revised to mirror text from the "Audit Policy" topic of our Loan Grading and Review Policy Template product.

Topic 12 - Internal Audit Guidelines. The "Internal Loan Review" subtopic was revised to mirror text from the "Audit Policy" topic of our Loan Grading and Review Policy Template product.

What's Deleted

Topic 12 - Audited Areas. This topic was moved and revised as a subtopic under Topic 2 - Policy Statement.

The following topics are now included in the Audit Certification Worksheets Form Template:

Topic 14 - Accounting/Administrative Audit Procedures.

Topic 15 - Lending Audit Procedures.

Topic 16 - Operations Audit Procedures.

Topic 17 - Data Processing Audit Procedures.

Product Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2

Sarbanes-Oxley Act Requirements - Topic 3

Reporting Requirements - Topic 4

Role of Independent Public Accountant - Topic 5

Board of Directors and Senior Management Responsibilities - Topic 6

Audit Committee Responsibilities - Topic 7

Audit Officer Responsibilities - Topic 8

External Audit Outsourcing Arrangement Guidelines - Topic 9

Limitation of Liability Provisions in External Audit Engagement Letters - Topic 10

External Audit Guidelines - Topic 11

Internal Audit Guidelines - Topic 12

Information Technology Audit Guidelines - Topic 13

Includes the following form template:

Audit Certification Worksheets - 42 pages

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$375.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased our Audit Policy and Procedures Template within the last three years in addition to the following prior updates (if applicable):

Audit Policy and Procedures Template - 04/13/06 - $50.00

Audit Policy and Procedures Template - 12/27/05 - $50.00

If you have ordered this product after 05/14/07 you are eligible to receive the updated product at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.