Question: Give two examples where document inspection is a useful technique to examine operational risks and related controls.

Give two examples where document inspection is a useful technique to examine operational risks and related controls.

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Document inspection is a valuable technique used by internal auditors to examine operational risks and related controls by reviewing relevant documentation records policies procedures and other written materials Here are two examples where document inspection is a useful technique in assessing operational risks and controls Policy and Procedure Compliance Example A manufacturing company has established policies and procedures for inventory management to ensure accurate tracking valuation and control of inventory items However there may be operational risks associated with deviations from these policies and procedures such as stockouts overstocking inventory shrinkage or errors in inventory records Document Inspection Internal auditors can conduct document ... View full answer

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Give two examples where document inspection is a useful technique to examine operational risks and related controls.

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