Reference no: EM132593381

Smith, Colbert and Associates is a firm of architects with offices in Victoria, Vancouver, Edmonton, Calgary, Regina, and Winnipeg. The firm offers a wide range of architectural and design services to its clients and employs over 1,500 professionals.

• The firm spent over $1.2 million on training in 20X1. It operates a professional development group, located at the Edmonton office, which is responsible for managing the entire training activity for the firm. Some courses are designed by the training group and delivered by senior staff. The firm also sends employees, mainly students, to university courses. In addition, the firm purchases courses from professional education firms and modifies them as necessary.
• Stephen Baines, the internal audit director of the firm, has asked you, the audit manager, to review the firm's training activities and make recommendations to improve the cost effectiveness of this important activity. Before you start the work, Stephen would like you to make a memo outlining the specific areas you will examine and the criteria that will be used to assess actual training activities.

Requirement

Question 1: the memo should be prepared requested by Stephen Baines.