Problem
I. Choose any organization and develop a comprehensive Audit Charter for the organization.
II. Responsibility
i. What is the scope of the audit?
ii. What are the goals and objectives of the audit?
III. Authority
i. Who has the right to conduct the audit and gain access to the items needed to conduct the audit?
IV. Accountability
i. Considering a mutual agreement reached between parties, who will take action in certain instances between the audit committee and the auditor?
ii. What are the reporting requirements?
V. What are the action plans for your risk-based audit?
VI. What is your conclusion for this audit charter developed?
VII. What are your references to these questions?