Accounting Audit Procedure Checklist

Please check the corresponding box once you have completed a task.

Initial Planning

• Confirming the Scope and Objectives of Audit.

• Understanding the Business Operations.

• Analyzing the Financial Statements.

• Reviewing Existing Internal Controls.

Risk Assessment

• Identifying Potential Risk Areas.

• Evaluating Risk Management Strategies.

• Determining Materiality Levels.

Audit Testing

• Conducting Substantive Testing.

• Performing Compliance Testing.

• Reviewing Analytical Procedures.

• Verifying Transactions and Balances.

Audit Report Preparation

• Drafting the Audit Findings.

• Finalizing the Audit Report.

• Delivering the Audit Report to Management.