I. Planning
A. Identification of Auditing Population (and Updating Periodically)
B. Identification of Auditing Areas
C. Identification of Risk Criteria and Calibration of Risks
D. Prioritizing Auditing Areas
E. Assigning Auditing Resources
F. Preparation of the Plan and Approval by the Superior
G. Preparation of the Internal Auditing Program and Approval by the Superior
H. Notice to the Auditor and the Auditee Units
II. Conducting of the Auditing
A. Preliminary Examination Plan and Individual Examination Plan
1. Work sheets and forms
2. Identification of auditing targets
3. Data collection/preliminary examination
4. Opening meeting
5. Identification of the potentially problematic areas (Risk evaluation)
6. Preparation of individual examination plan
B. Field Work
1. Implementation of auditing tests
2. Gathering the findings and developing suggestions
3. Sharing the findings with the audited unit
4. Final meeting
III. Reporting
A. Presenting the Auditing Report to the Rector
IV. Monitoring of the Auditing Results
A. Monitoring of the Auditing Results
B. Evaluation of the Auditing
C. Evaluation of the Auditor