Audit Flowcharts

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What Is an Audit Flowchart? 

An audit flowchart provides the auditors with processing steps and serves as their pathway toward an effective and successful audit. A flowchart typically consists of sequential steps, shapes, and arrows or lines. As mentioned by CareerTrend, an organization utilizes flowcharts as these are ideal tools to visualize and simplify their complex system.

How to Create an Audit Flowchart

You can find various audit flowcharts on our site for your convenience. We also prepared a few tips that you can apply when creating a flowchart, as shown below. 

1. Determine Your Goals and Objectives

When creating an audit flowchart, you must have certain goals and objectives for your audit. From here, you can conceptualize the workflows and processes that you will implement. Having a meeting with your audit team purposely to brainstorm ideas would be a good step when determining your goals and objectives. 

2. Insert Shapes with Colors

Now that you have your goals and objectives, you can now start drafting your flowchart. You can use various computer programs or applications when creating a flowchart. Inserting shapes and colors would be a good choice as the first step so that you can arrange them before you insert your words or content. 

3. Add Words or Content

Once you are done inserting and aligning your shapes, start inserting your words or content inside the shapes. Remember that the content of your shapes are the specific step, workflow, or process of your audit. 

4. Apply Lines or Arrows

After inserting shapes and content, you can now insert the lines or arrows. Make sure that each line or arrow is properly connected to the shape. Also, be careful when connecting each line or arrow as you may connect it to the wrong shape. 

5. Review Your Flowchart

Remember that the purpose of the flowchart is to provide the reader with guidance. Therefore, your flowchart should be free of any mistakes, which may include typographical errors and misalignments. So it would be best to review your flowchart before implementing or using it. 

FAQ

  • What is the purpose of an audit flowchart?

      The audit flowchart provides the auditors with a clear and standard procedure in each of their tasks, helping them to reach their certain goals. 

  • What are the phases of an audit?

      Most audit teams conduct their audit using the following phases: 

      1. Selection 
      2. Planning 
      3. Execution
      4. Reporting
      5. Follow-up
  • What are the common shapes or symbols in a flowchart?

      As of today, there are no standard shapes or symbols for a flowchart; you can freely choose which shape or symbol you want to use. However, it would be best if you utilize the commonly used shapes or symbols such as oval, rectangle, diamond, line, and arrow for formality. 

  • What are the types of a flowchart?

      There three basic types of flowchart, which are the following: 

      1. Process Flowchart
      2. Data Flowchart
      3. Process Modeling Diagram
  • Is a flowchart effective?

      The flowchart is one of the most effective strategies in terms of workflow or process standardization. It makes a whole process easier to understand as it is mapped step by step.