Services · Foundational

Internal Audit Service Execution - Financial Audit

IAF

Executes or supports financial internal audit procedures over financial records, reconciliations, transactions, controls and reporting quality.

What changes

Stronger accountability, transparency, risk management, assurance coverage and governance oversight.

What you get

Approved financial audit programme with sampling plan IAF001
Sample selection worksheet and sampling memo IAF002
Completed and indexed working paper file IAF003
Engagement risk assessment matrix IAF004
Internal audit report with risk-rated findings and management comments IAF005

What has to come first

IACInternal Audit Charter Recommended

An approved Internal Audit Charter establishes the mandate and reporting lines under which the engagement runs
NAHNeeds Assessment Report - National Head Quarters or NABNeeds Assessment Report - Branch/District Recommended

Needs assessment findings feed the risk and materiality assessment

Who is involved

From the National Society's side. This is what the engagement asks of your people.

Your own staff work alongside the adviser throughout, so this is a commitment of their time as well as the Centre's. Ask in the request and you are given the day estimate per role before anything is signed.

Role	What they do
HNS Board / Audit and Risk Committee	Receives the audit report; oversees follow-up
HNS Senior Management	Provides management comments; owns corrective actions
HNS internal audit function	Executes or co-delivers the engagement
HNS Finance and Accounting Department	Auditee; provides records, reconciliations and access
HNS ICT team	System access and reports for IT-dependent testing
GFDC delivery team	Plans, executes or supports the audit

How it is measured

Indicator	Target	Evidence
Risk-based audit programme and sampling plan approved before fieldwork starts	100% of engagements	Approved audit programme (IAF001); sampling worksheet (IAF002)
Findings evidenced by complete, indexed working papers	100% of findings cross-referenced to working papers	Working paper file index (IAF003)
Audit report issued within target time after fieldwork ends, with risk ratings and management comments on every finding	4 weeks	Issued audit report (IAF005)
Corrective actions implemented by their agreed target dates	At least 80% at first follow-up	Follow-up review record reported to the Audit and Risk Committee

Tools

5 of 5 ready to download.

IAF001 Financial audit programme with sampling plan Template DOCX
IAF002 Sample selection worksheet and sampling memo Template XLSX
IAF003 Standard working paper templates and file index Template DOCX
IAF004 Engagement risk assessment matrix Template XLSX
IAF005 Internal audit report with risk-rated findings and management comments Template DOCX

Standards

IIA International Professional Practices Framework (IPPF)
COSO Internal Control - Integrated Framework
IFRS / GAAP accounting standards
ISA - International Standards on Auditing
GFDC Operational Framework (intake, triage, service workflow)
HNS finance manual, accounting policies and close procedures
Donor agreements and reporting requirements
External audit management letters and prior year adjustments
HNS Internal Audit Charter and risk-based audit plan

Describe the problem, not the service

You do not need to know which of the 124 to ask for.

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