The Cooperative Audit Strategy was developed by the Office of the
Inspector General to improve overall audit coverage at management
and operating contractors through maximizing audit coverage using
available resources in an appropriate measure.
The Cooperative Audit Strategy Principles
as implemented by the Department of Energy (DOE) include:
Assuring that the internal audit staffs meet professional
Providing consistent audit guidance
Coordinating audits based on acceptable risk assessment methodology
Assessing and tracking the audit work performed at each management
and operating contractor
Relying on the work of contractor internal audit staffs, when
Improving communications between the OIG, Operations Offices,
and contractor internal audit staffs
Working with the audit partners to ensure that the Cooperative
Audit Strategy is modified to address changing conditions within
the Department of Energy
Implementation of Operating Principles:
Assessment of contractor internal audit work and transactional
testing to enable the OIG to determine if reliance can be placed
on the work of the contractor's audit group.
Review of organizational independence, qualifications
of audit staff, and, quality of their audit work
Generally Accepted Government Auditing Standards and
Institute of Internal Auditors Standards used as basis
Participation of contractor's internal audit staffs in
a peer review process
OIG provides annual audit guidance in March each year to DOE
Operations Offices, OIG staff, and contractor internal audit
staffs identifying high risk Departmental audit issues.
Risk-based planning process used by OIG and contractor internal
audit staffs. The OIG incorporates the internal audit staffs'
audit plans in its risk assessments, and utilizes an automated
tracking system to track teh work planned and performed by the
internal audit staffs.