Audit Information

Audit Date:

[January 15, 2055]

Audit Period Covered:

[January 1, 2054, to December 31, 2054]

Auditor(s):

1. [Jacques Parker, CPA]

Audit Objectives and Scope

Audit Objectives:

1. [Assess the effectiveness of financial controls]

Audit Scope:

1. [Accounts Receivable Department]

Audit Findings

Finding Number

Financial Area Audited

Description of Finding

Risk Implications

Root Causes

1

[Accounts Receivable]

[Unrecorded receivables amounting to $50,000]

[Increased bad debt risk]

[Lack of reconciliation processes]

Recommendations and Timeline for Implementation

Finding Number

Recommendations

Timeline for Implementation

1

[Implement monthly receivables reconciliation]

[Within 30 days of audit]