Free External Audit Checklist

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Prepared by:	[YOUR NAME]
Date:	August 16, 2055
Company Name:	[YOUR COMPANY NAME]

1. Define audit objectives
2. Review prior audit reports
3. Understand client operations
4. Identify key stakeholders
5. Prepare an audit plan
6. Schedule audit timeline
7. Request necessary documents

1. Evaluate control environment
2. Review risk assessment procedures
3. Assess control activities
4. Test information systems controls
5. Examine segregation of duties
6. Analyze documentation processes

1. Examine income statement
2. Review balance sheet
3. Analyze cash flow statement
4. Verify account balances
5. Confirm revenue recognition policies
6. Evaluate expense classifications

1. Review compliance with regulations
2. Check adherence to internal policies
3. Assess tax compliance
4. Examine contracts for compliance
5. Verify licensing requirements

Free External Audit Checklist

I. Pre-Audit Preparation

II. Internal Control Assessment

III. Financial Statement Review

IV. Compliance Checks

V. Reporting and Recommendations

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1. Compile audit findings
2. Prepare audit report
3. Present findings to stakeholders
4. Discuss recommendations
5. Follow up on implementation of recommendations