CONTENT

AUDIT FORM
& GLOSSARY

AUDITOR’S
REPORT

CODE OF
ETHICS
Audit Report for MyTVET Instrument 2018
*-Auditted Program

*-Auditted Faculty-
*date

*Auditor

Note: Please fill the mark * with audit details

AUDIT FORM &
GLOSSARY
AUDITOR’S
REPORT
 MyTVET Instrument Auditor’s Report

Name of Institution

Name of Academic Programme

Level of Academic Programme

Certificate Diploma Bachelor Degree

Name of Auditor(s)

1.
2.
3.
Name of Auditee(s)

1.
2.
3.
Summary

Compliance: 121

Comments/suggestions

Lead Auditor signature, Auditee signature,

___________________________ __________________________________
Name: Name:
Date: Date:
CODE OF ETHICS
Code of Ethics

The Code of Ethics states the principles and expectations governing the behaviour of individuals
and organizations in the conduct of programme auditing. It describes the minimum requirements
for conduct, and behavioural expectations rather than specific activities.

Principles Code of Ethics

Auditors are expected to apply and uphold the following principles:

1. Integrity
The integrity of auditors establishes trust and thus provides the basis for reliance on
their judgment.

2. Objectivity
Auditors exhibit the highest level of professional objectivity in gathering, evaluating,
and communicating information about the activity or process being examined.
Auditors make a balanced assessment of all the relevant circumstances and are not
unduly influenced by their own interests or by others in forming judgments.

3. Confidentiality
Auditors respect the value and ownership of information they receive and do not
disclose information without appropriate authority unless there is a legal or
professional obligation to do so.

4. Competency
Auditors apply the knowledge, skills, and experience needed in the performance of
internal audit services.

Rules of Conduct
1. Integrity
Auditors:
1.1.Shall perform their work with honesty, diligence, and responsibility.
1.2.Shall observe the law and make disclosures expected by the law and the
profession.
1.3.Shall not knowingly be a party to any illegal activity, or engage in acts that are
discreditable to the profession of auditing or to the organization.
1.4.Shall respect and contribute to the legitimate and ethical objectives of the
organization.

2. Objectivity
Auditors:
2.1.Shall not participate in any activity or relationship that may impair or be presumed
to impair their unbiased assessment. This participation includes those
activities or relationships that may be in conflict with the interests of the
organization.
2.2.Shall not accept anything that may impair or be presumed to impair their
professional judgment.
2.3.Shall disclose all material facts known to them that, if not disclosed, may distort
the reporting of activities under review.
3. Confidentiality
Auditors:
3.1.Shall be prudent in the use and protection of information acquired in the course of
their duties.
3.2.Shall not use information for any personal gain or in any manner that would be
contrary to the law or detrimental to the legitimate and ethical objectives of
the organization.

4. Competency
Auditors:
4.1.Shall engage only in those services for which they have the necessary knowledge,
skills, and experience.
4.2.Shall perform internal audit services in accordance with the International
Standards for the Professional Practice of Internal Auditing (Standards).
4.3.Shall continually improve their proficiency and the effectiveness and quality of
their services.

Purpose of Audit

1. To make sure that all the evidence presented are complete, valid, accurate
and consistent with the information required in MyTVET Instrument.

2. To audit that all the records, statements of fact or other information which are relevant
to the audit criteria and verifiable. This Audit can be qualitative or quantitative.

Audit Process

1. Audit Schedule and Programme

Auditors will get the schedule and list of programme to be audited from MyTVET Instrument
Team.

2. Preparing an Audit Plan

Lead Auditor and auditors plans out how the audit will be conducted. A meeting may be
conducted to identify possible problems. An audit plan is then drafted.

3. Scheduling an Open Meeting

Senior management and key person are then invited to an open meeting during which the
scope of the audit is presented by the auditor. A time frame for the audit is determined.
Department heads may be asked to inform staff of possible interviews with the auditor.
4. Conducting Fieldwork

The auditor takes information gathered from the open meeting and uses it to finalize the audit
plan. Fieldwork is then conducted by speaking to staff members and reviewing evidence
presented. The auditor tests for compliance with requirement in MyTVET Instrument. The
auditor may discuss problems as they arise to give the organization an opportunity to
respond. Appendixes 1: Audit Form.

5. Drafting a Report

The auditor prepares a report detailing the findings of the audit. The auditor then writes up a
commentary describing the findings of the audit. Appendixes 2: Summary Form.

6. Setting Up a Closing Meeting

The auditor solicits a response from institution that indicates whether it agrees or disagrees
with problems in the report. At the closing meeting, all parties involved discuss the report and
institution responses. If there are any remaining issues, they're resolved at this point.

7. Final Audit Report

The lead auditor will send the final audit report (audit form and summary form) when all the
party are in agreement with the content immediately to:

kpttvet@gmail.com

General Qualities and Qualities of an Auditor

Individual qualities are the essential monitors of a successful auditor. The personal qualities
that are needed for an auditor are as follows:

1. Honesty: An auditor must be honest in his work if he has to carry out his duties
successfully. He has to maintain a good moral standard.

2. Tactful: The auditor should be tactful in dealing with the auditee.

3. Ability to Work Hard: The auditor must have a painstaking attitude and
willingness to work hard.

4. Impartial: The auditor should not be influenced by any bias in discharging his
duties. He should be impartial.

5. Cautious and Vigilant: An auditor must be vigilant in his work. He should

always proceed with his eyes open and be alert.

6. Methodical: He must perform his duties methodically, and should be thorough,

and complete in his work.

7. Ability to Trace out Facts and Figures: Auditor should posses a realistic attitude
towards his work. He should be able to trace out facts and figures.
8. Always Inquisitive: The auditor should not be suspicious. He should always be
inquisitive. He should not adopt an attitude of suspicion.

9. Courage: The auditor should be bold enough to discharge his duties. He should
not certify which he doubts to be genuine.

10. Ability to Maintain Secrets: The auditor should have the ability to maintain
secrets and should not disclose the secrets of his client to anybody.

11. Ability to Communicate: An auditor must have the ability to prepare audit report
correctly and forcefully, precisely, concisely, and clearly.

12. Common Sense: An auditor should posses a good common sense. The auditor
should have a full share of the most valuable commodity – common sense. But
common sense is normally very much uncommon in man.