Topic 7. You are an auditor of the deposit insurance fund and you have to examine the
appropriateness of the deposit register of a bank (depositor’s and deposit data).
Welcome: “Thanks for coming to our opening meeting this morning. We’re just going to cover
a few details about today’s audit and let everybody get on their way.”
1. Introductions: “My name is Abdurakhmon Abduvokhidov and I’ll be leading the audit.
Fozilbek Abduraimov will be auditing with me. We appreciate you welcoming us to your
department, Abdurakhmon.”
2. Scope: “The scope of today’s audit will be the production area, which includes the molding,
machining, and finishing processes.”
3. Criteria: “We’ll be auditing against ISO 9001:2015, your documented management system,
and applicable customer requirements.”
4. Objective: “The objective of today’s audit is to prepare for our ISO 9001:2015 transition
audit, as well as to identify opportunities for improvement.
5. Review audit plan:
a) The duration of the audit. “We’ll begin the audit at 8:00 a.m. and continue until 09:20
a.m.”
b) Departments and/or processes to be audited and times. “Molding will be audited from
8:00 a.m. until 08:45 a.m., machining will be audited from 08:45 a.m. until 09:00 a.m.,
and finishing will be audited from 09:00 a.m. until 09:20 a.m.”
c) Documents to be used during the audit. “We’ll be using departmental procedures,
customer specifications, and the ISO99001:2015(International Organization for
Standardization) standard during our audit.”
d) The anticipated schedule for the closing meeting. “We’re planning on having a closing
meeting at 09:20 a.m. today. At that time, we’ll go over all the findings and discuss the
next steps. Feel free to invite anyone you think would benefit from being there.”
6. Sampling: “We will select a random and representative sampling of evidence during the
audit, to produce a balanced picture of operations. There is no way we could conduct a 100
percent inspection of everything happening here, but we believe our sample will provide an
accurate snapshot of current operations.”
7. Company Rules; “We know that ear plugs and safety glasses are required while in the
production area, and have come equipped with these personal protection items. Also, we’ll
make sure to stay within the painted yellow lines that indicate pedestrian walkways. As
you’ve indicated, we will also stay with our company guide at all times.”
8. Confidentiality: “Everything we see during the audit and all the evidence we gather will be
held in strict confidence. We will not share it with any parties outside of your organization.”
9. Confirm changes “Do we need to make any changes to our audit plan? Let me know and
we’ll talk about possible alternatives. We don’t mind changing the timing of any of our
activities to suit your operations.”
10. Questions: “Does anybody have any questions or comments? Please don’t be shy. All your
thoughts are very important to us.”
11. Thanks again: “Thanks again for having us here today and allowing us to audit. I look
forward to making this a real win-win activity because I expect that we will learn a lot from
you.”
Audit Notification Letter
To:
Auditee
Abdurakhmon A.
From:
Location: Budapest, Hungary
Chief Officer Fozilbek A.
Tel:
+3612345678
Fax:
+3612345678
Date: 27.03.2023
Dear Sir/ Madam,
RE: Review of Operations of Deposit Insurance Fund
We propose to conduct a review of the deposit insurance process. The audit fieldwork with
commence on Monday. A summary of the scope of this review is given below. Details on
each of the processes that will be covered in this audit have been tabledin the attached
document (Appendix A).



Cash books
Bank reconciliations
Monthly financial reports
We will appreciate it if you can assign a contact person to coordinate with the audit team
(including logistics) for this review. We would also require the assistance of the coordinator
to help us with all data requirements for this audit. Attached is a list of information required
for our review. We will appreciate it if we can have this information ready at the
commencement of the audit.
On the first day of the review of Depositors and Deposit data, we request to hold an opening
meeting with the designated managers in your teams to discuss the scope of the audit and any
areas of concern. During this meeting, it would be if we could receive a shortbriefing/overview
on the history and progress of the deposit insurance.
We expect the fieldwork to take approximately 4 weeks. We would be grateful if you could
arrange dedicated officespace for the two auditors for this period.
For any queries in this regard, please feel free to write to me at (email and telephone number)
or the lead auditor (emailand telephone number).
We look forward to working with you and your teams on this audit.
Regards,
Head of Internal Audit
County Government of Uzbekistan