Free Accounting Audit Procedure Checklist Form

Ensure a thorough and efficient audit by following these systematic steps throughout the audit process.
Name
Phone number
Pre-Audit Planning
Define audit objectives
Assess risks and materiality
Review prior audit findings
Identify key personnel
Gather necessary documents
Understanding the Business
Evaluate organizational structure
Understand accounting policies
Review industry regulations
Assess IT systems
Internal Control Assessment
Test internal control effectiveness
Identify control weaknesses
Review segregation of duties
Document internal control processes
Testing Transactions and Balances
Perform substantive testing
Verify existence of assets
Confirm liabilities
Check transaction accuracy
Analytical Procedures
Compare financial ratios
Analyze trends over time
Investigate significant variances
Documentation Review
Ensure supporting documentation is complete
Review journal entries
Assess compliance with standards
Final Audit Review
Summarize findings
Discuss results with management
Prepare audit report
Post-Audit Follow-Up
Review management's action plans
Schedule follow-up audits if necessary
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