Accounting Internal Audit Plan Memo
To: All Department Heads
From: [YOUR NAME]
Date: [Month Day, Year]
Subject: Accounting Internal Audit Plan
In an effort to understand, manage, and mitigate our company's fiscal risks, we have decided to undertake an Internal Audit of our Accounting Department. This exercise not only allows us to be proactively prepared for external audits, but it also allows us to examine and streamline our accounting procedures, improve financial controls, and ultimately, maintain financial integrity within our organization.
Purpose
The purpose of this Account Internal Audit Plan is to assess the efficiency and effectiveness of our Accounting Department. The audit will provide us with a detailed understanding of our current practices, identify discrepancies, if any, and recommend necessary changes.
Audit Scope
The scope of the audit covers all financial transactions within our organization, including payroll, purchasing, accounts payable and receivable, and other financial dealings. In addition, this audit will also review the adherence of our accounting procedures to the Generally Accepted Accounting Principles (GAAP).
Plan
An Audit Team will be assembled and will commence the audit process on [Month Day, Year]. We aim to have the entire audit process completed by [Month Day, Year]. The team will review our accounting books, speak with relevant staff and review all necessary documentation to ensure the accuracy, validity and legality of our financial conduct.
I understand that this might cause some inconvenience but assure you that the process will be carried out as seamlessly as possible. Your cooperation and assistance throughout this process will be greatly appreciated. I'm confident that this internal audit will help us improve our financial performance and enhance our company’s competencies.
If you have any questions or need further clarification regarding this memo, feel free to contact me at [YOUR COMPANY EMAIL] or [YOUR COMPANY NUMBER].
Thank you for your understanding and cooperation.
Best Regards,
[YOUR NAME]
[YOUR COMPANY NAME]
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