Common patterns in audit finding

The purpose of an audit can be describe by following statement, except..

• determine the suitability

• fulfilling the requirements

• opportunity for improvement

• looking for failure

What is a common finding in audits?

• Integrity

• Overstaffing issue

• Lack of documentation

• Not familiar with the policy

______ approval is required for project Gross Margin change 0.5MUSD.

• PC

• LDM

• LDC

• PMO

What is a common findings in Project Management?

• Project review is not perform

• Incomplete PR+ documentation

• Annual credit assessment is not performed

• Handover process does not fulfill the requirements or is not performed at all.

Project Review Policy describes ...

• Mandatory to use PR+ for all projects with POC

• Project admin ensures PR+ updated min 24 hours before scheduled Project Review

• Warranty project shall be updated in quarterly periodicity

• Project review focus on understanding & mitigations of risk, evaluation of opportunities and how to transform risks and opportunities into VO