Internal Audit Substantive Testing Template for New Zealand

1. Risk Assessment: Detailed risk assessment section - include when testing high-risk areas or when specific risk factors need to be documented

2. IT Systems and Tools: Section detailing specific IT systems and tools used - include when testing involves significant use of specialized software or tools

3. External Expert Involvement: Section covering the use of external experts - include when specialist expertise is required for certain testing procedures

4. Regulatory Compliance: Specific regulatory requirements section - include when testing relates to regulated activities or entities

5. Materiality Considerations: Detailed materiality assessment - include when testing involves significant judgment about materiality thresholds

6. Timeline and Resources: Detailed project planning section - include for large-scale or complex testing procedures

1. Schedule A - Testing Templates: Standard templates for documenting test procedures and results

2. Schedule B - Sample Size Calculator: Tools and guidelines for determining appropriate sample sizes

3. Schedule C - Risk Matrix: Risk assessment framework and scoring criteria

4. Schedule D - Quality Control Checklist: Detailed checklist for quality control reviews

5. Appendix 1 - Reference Documents: List of relevant standards, policies, and procedures

6. Appendix 2 - Testing Programs: Detailed testing programs for specific account areas or processes

7. Appendix 3 - Exception Report Template: Standard format for documenting and reporting exceptions

8. Appendix 4 - Materiality Framework: Guidelines for determining and applying materiality thresholds