WAOM Day 4 Part 2 (2024)

This is a characteristic of an AOM which suggests that an AOM should pass through stages of drafting to finalization and release to management before it is integrated into the audit report.

• Purpose

• Process

• Importance

• Quality of Language

This is one of the steps in writing which pertains to the act of putting words on paper or on a screen.

• Writing

• Planning

• Evaluating

• Getting Feedback

This is one of the steps in writing which pertains to asking someone else to evaluate the AOM. Getting feedback on the correctness of information contained and the result of analysis, and if the audit procedures done are correct and sufficient as well.

• Writing

• Planning

• Evaluating

• Getting Feedback

The element of an AOM that refers to the action, inaction or inadequacy of action of management or its employees as measured against applicable criteria.

• Criteria

• Condition

• Cause

• Corrective action

A written notification to the auditee head and concerned officer/s informing them of deficiencies noted in the audit of accounts, operations or transactions and requiring comments thereto and/or submission of documentary and other information requirements within a reasonable period.

• Laws, rules and regulations

• Management Policies

• Government Accounting Manual

• Audit Observation Memorandum