40+ Word Checklist Templates
Due to limited memory and attention, we humans often forget to do tasks which we were supposed to perform. Our…
Feb 28, 2020
10+ Free Internal Audit Checklist Templates in DOC | PDF
Sep 16, 2023
An internal audit checklist can help deliver meaningful results by promoting effective audit planning whether you are auditing a particular management system or simply updating an internal audit procedure. It helps in audit planning, reporting as well as problem-solving. This checklist delivers clear, concise and well-documented information that will be time-saving and will also provide long-term value for money.
Checklist Template Bundle
10+ Internal Audit Checklist Templates in DOC | PDF
1. Free Internal Audit Checklist Template
cce-inc.com2. Free Internal Audit Checklist Sample
imsxp.com3. Basic Free Internal Audit Checklist Template
kb.icai.org4. Free Checklist for an Internal Audit Template
crs.org5. Free Professional Internal Audit Checklist Template
fsnl.nic.in6. Free Annual Internal Audit Checklist Template
amazonaws.com7. Free Internal Audit Manual Checklist Template
uhbvn.org.in8. Free Quality Management Internal Audit Checklist Template
complianceonline.com9. Simple Free Internal Audit Checklist Template
fami-qs.org10. Free Checklist for an Internal Audit Example
tcmservices.co.in11. Free Internal Audit Checklist Form Template
nist.govHow to Craft a Checklist for an Internal Audit?
Step 1: Provide the Main Subjects
Outline the main subject headings for the audit checklist to help draw a picture of the important pieces of an audit. These subject headings can include items like management, finance, and operations of a particular organization or company. These can be related to the various aspects of the business that you should focus on when conducting an audit. You must use a proper program like a spreadsheet application or simply paper and pencil to draft the sample checklist.
Step 2: List the Subheadings
Now its time to place the subheadings under the main subject headings in your checklist. You can start placing management topics under the management subject heading and include topics related to the planning of the business and employee management. List out the subheadings like sales plan, pricing policies and annual budget to help audit the planning processes. This part will help in verifying that a sales plan exists, the pricing policy is in place and business operates within a realistic budget. You can also place subheadings like employee expectations, job descriptions and discipline procedures to escort an audit-related to employee management.
Step 3: Place Topics Related to Financial Functions
Set out the topics and functions that are related to the financial operations that are under the finance subject heading. You can include topics related to accounting practices as well as financial planning for the business. This division normally addresses the type of accounting system that is in place and also verify that the various accounting statements are prepared accurately. It then confirms that the owner understands the purpose behind all these statements.
Step 4: Lay Out the Business Operations
Put the functions are related to the operations of the business under the “operations” subject heading. This will include topics that are related to production along with marketing and promotions. For example, you will want to evaluate supplier relationships, inventory control measures, and training programs when it comes to production. You must address issues related to competitors, customer needs and promotion plans under marketing and promotions subheadings.
Step 5: Add Any Specific Details
Make sure you take advantage of the help that is available to small businesses. You can take the help of the audit checklist that is provided by the U.S. Small Business Administration. It can help in guiding the creation of your business checklist. Make sure you read through it for guidance and add any kind of specific details like those that are related to quality and safety requirements, to your audit checklist.
Why Use an Internal Audit Checklist?
An internal audit checklist usually helps you to determine the level to which your organization’s quality management system answers to the requirements. This is done by determining whether those requirements have been effectively implemented and maintained properly. The simple checklist will help you in assessing the status of your existing management system and also helps in identifying certain weaknesses and provide corrective actions for improvement.
The internal audit checklist can be considered one of the many tools that help the auditor in ensuring each internal audit addresses the mandatory requirements. It also serves as a reference point before, during and even after the audit procedure and it provides various benefits if it is developed for a specific audit and is used correctly.
Benefits of Internal Audit Checklist
- An internal audit checklist can be used as a reference for planning more upcoming future audits.
- Basic Checklists can also be provided to the auditee before conducting the audit and it also provides a means of communication.
- A well-written and completed checklist provides evidence or proof that the audit was performed.
- It ensures whether the audit is conducted systematically and consistently or not and also ensures a consistent audit approach.
- An internal audit checklist sincerely supports the organization’s audit process and provides a depository for notes that are collected during the audit process.
- The checklist ensures uniformity in the performance plan of different auditors and provides references to the objective evidence and also provides assistance to the audit process.
Read related blog Articles
See All
10+ Building Maintenance Checklist Templates in Google Docs | MS Word | Pages | PDF
A facility maintenance checklist is a priceless defense means to keep a building reliable and safe by periodical planning, checkups,…
Jan 30, 2020
11+ Recruitment Checklist Templates in PDF | MS Word
A Recruitment Checklist is the to-do-list where you list down all the important details that you need to do or…
Jan 28, 2020
11+ Logistics Checklist Templates in PDF | MS Word
Logistics Performance Index indicates that America is one of the leading logistics industries in the globe. Its networks coordinate with…
Jan 22, 2020
FREE 41+ Cleaning Checklist Templates in MS Word | Excel | PDF | Pages | Google Docs
The best way you can make sure that all cleaning go as planned is to have a cleaning checklist samples.…
Nov 26, 2019
4+ Resume Screening Checklist Templates in DOC | PDF
A Resume Screening Checklist is a checklist that is prepared by the recruiter to list all the important points based…
Oct 30, 2019
12+ HR Compliance Checklist Templates in PDF | Word | Pages
HR Compliance Checklist is the tool that is used by HR professionals to make the preparations for the HR tools.…
Oct 01, 2019
9+ Retirement Party Checklist Templates in PDF
A retirement party is the opportunity to celebrate the retiree’s past achievements as well as their future efforts. The party…
Sep 25, 2019
10+ Mortgage Checklist Templates in PDF | DOC
The mortgage business has gone through a lot of chapters in the industry, combating business challenges every year. According to…
Sep 23, 2019