Audit Charter

1. S1 Audit Charter
Introduction
01 ISACA Standards contain basic principles and
essential procedures, identified in bold
type, that are mandatory, together with related
guidance.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

2. S1 Audit Charter….
02 The purpose of this IS Auditing Standard is to
establish and provide guidance regarding the
Audit Charter used during the audit process.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

3. S1 Audit Charter….
Standard
03 The purpose, responsibility, authority and
accountability of the information systems audit
function or information systems audit
assignments should be appropriately
documented in an audit charter or engagement
letter.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

4. S1 Audit Charter….
04 The audit charter or engagement letter
should be agreed and approved at an
appropriate level within the organisation(s).
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

5. S1 Audit Charter….
Commentary
05 For an internal information systems audit function, an
audit charter should be prepared for ongoing activities.
The audit charter should be subject to an annual review
or more often if the responsibilities are varied or
changed. An engagement letter may be used by the
internal IS auditor to further clarify or confirm
involvement in specific audit or non-audit assignments.
For an external IS audit, an engagement letter should be
normally prepared for each audit or non-audit
assignment.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

6. S1 Audit Charter….
06 The audit charter or engagement letter
should be detailed enough to communicate the
purpose, responsibility and limitations of the
audit function or audit assignment.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

7. S1 Audit Charter….
07 The audit charter or engagement letter
should be reviewed periodically to ensure the
purpose and responsibility have been
documented.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

8. S1 Audit Charter….
08 The following guidance should be referred to
for further information on the preparation of an
audit charter or an engagement letter:
. IS Auditing Guideline G5 Audit Charter
. COBIT Framework, Control objective M4
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.

9. S1 Audit Charter….
Operative Date
09 This ISACA Standard is effective for all
information systems audits beginning on or after
1 January 2005.
Slides Prepared By Raju S Narayanan who
can be contacted by sending a mail to
rajusnarayanan@financialconsultantindelhi.