INTERNAL AUDIT:Final Project: Auditing a Process and Presenting THIS IS AN INDIVIDUAL PROJECT though it may be beneficial to collaborate with others to discuss their individual projects and get ideas from other students. One of the key elements to becoming a successful internal auditor is the development of an audit plan for new or revised organizational risk units. This project forces students to move away from SALY (Same As Last Year) auditing and think about the business process, risks within the business process, and the methodologies management uses to control or share risks, and to develop audit tests to examine the effectiveness of design and operation of those methodologies. Leveraging the work done on the prior 2 projects, you will select a business process to document, evaluate the risks, document the audit program, outline the testing procedures and requested documentation, and provide recommendations. You will have to develop a proposal for pre-approval of the business process selected. This project is meant to simulate a real audit so it can be assumed that the process is both an interest and concern to Company X Board and executive management (i.e. your fellow classmates!)