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MANAGEMENT AUDIT, Contribution of Erika Monserrat Cisneros Ruíz - Coggle…
MANAGEMENT AUDIT
Quality management auditor requirements
The auditor must comply with certain requirements and quality criteria since the responsibility falls on him.
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Personal attributes of ethics, open mind and diplomacy
Audit follow-up.
Professional responsibility
An awareness and understanding of risk and opportunity related to both the auditee and the auditors
An efficient method to gain an adequate understanding of any auditee —individual, organization, or system.
Analytical and critical thinking skills
Responsibility of the members of the audit:
Team members have to make sure of the care and security of the documents they handle that have to see with the audit that is running.
They should be aware of the information that listen or discover and link with the aspects objects of the examination.
They must plan and perform the tasks
entrusted to them, effectively and efficiently.
Responsibility of the auditors:
Comply with the audit requirements
Communicate and explain the requirements of the audit if required
Document all observations made
Report the results of the audit
Propose corrective actions
Activity of internal auditing
Operational audits
Assessment of internal controls
Fraud investigations
Partial or full participation in financial audits
Involvement in risk management process
Internal auditors have performed each of the
following functions
Risk:
Assess existing risk of audited area and report
that assessment to management, the audit committee, or both.
Develop a plan to systematically assess risk
across the organization;
Facilitate risk assessment through risk selfassessment techniques.
Evaluate risks associated with new computing developments and stop the project if risks are not
controlled at predetermined acceptable levels;
Control:
Report findings to management, and if important, to the audit committee.
Assist management in designing a comprehensive assessment, including testing of controls
across the organization;
Assist management in preparing a report on the
effectiveness of internal controls;
Identify significant control deficiencies, including elements of the tone at the top, and communicate to the audit committee (for areas examined).
Specific caracteristics need to have an auditor
Quality training:
are the specific skills that the auditor needs to effectively carry out the audit function, will constitute the tools used to carry out audits, as well as to manage correlated functions,
Audit training:
Skills directly involved with data collection, evaluation and analysis, as well as the formulation of the report for the satisfaction of audit requirements.
Knowledge and technical ability:
Requirement to possess formal training in the techniques and disciplines of the field of the operations subject to review.
Languages:
Its application depends on the market.
Work experience:
ISO standards require a minimum of 4 years’ experience in a workplace, provided these are activities of Quality guarantee.
Audit experience:
Practical experience in audit, before being recognized as a fully qualified auditor qualified, which is feasible through careful supervision, while working as a trainee auditor.
Personality
The auditor must be a mature person and balanced, free from prejudice and impartial, must be strongly committed to ethical demands, honest and legal.
Quality auditor Competencies
Procedures:
Develop detailed knowledge of state and federal laws, regulatory agency, investor and internal policies and procedures related to Default Servicing.
Internal Audit:
Review internal control structures, performed special reviews, conducted internal audits, made recommendations for corrective actions of unsatisfactory conditions.
ISO:
Assist in developing and conducting annual ISO training for all departments resulting in improved QMS responsibility and awareness.
Quality Standards:
Identify opportunities to improve Quality aimed at increasing productivity and ensuring that quality standards were maintained.
Plan and organize work effectively
Evaluate the factors that affect the reliability of
audit findings and conclusions
Effective communication
Contribution of Erika Monserrat Cisneros Ruíz