Internal Audit Handbook（2007）B5-Execution.pdfVIP

The SAP®-Audit Roadmap as a Working Basis for Internal Audit B | 4 | 4.1 Execution Fieldwork Activities 4 Execution 4.1 Fieldwork Activities 4.1.1 Introduction K Ey Points ••• • The opening meeting is primarily used to exchange information between audi- tees and Internal Audit about the audit. • Fieldwork activities are subject to the materiality principle. • Auditors must ensure that the work program is completed fully and consistently. All work program objectives must be achieved by suitable fieldwork activities. • The audit activities and their results are documented in the working papers. • Closing meetings are held to communicate audit results to the auditees. At the beginning of fieldwork an opening meeting is held. At this meeting, Internal oopeningpening MeetingMeeting Audit presents, on the basis of the audit announcement, the audit objectives and au- dit contents to the auditees and to management. In addition to passing on informa- tion, a key objective of the opening meeting is to reach agreement on cooperation during and after the audit. Any unresolved questions can also be addressed and de- tails of the audit can be defined, if this does not alter the nature of the audit. The au- dit lead must ensure that the opening meeting does not result in negotiation about audit content or the audit itself. The opening meeting should be properly struc- tured, and minutes should be taken, especially if changes to the audit are made. Fieldwork is subject to the materiality principle. For this reason, the auditors MaterialityMateriality PrinciplePrinciple should alw