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In the world of business, finance is always put on high priority. And so, auditing is a necessary profession for dealing with such matters. For this line of work, flowcharts are especially useful for planning a proper and concise auditing procedure. So, are you interested in putting together your own accounting diagram? Then consider using our 100% customizable Audit Flowchart Templates! Easily manage your workflow for company finance, client payments, project funding, and more. Plus, our professional samples are convenient for Windows desktops, as they’re fully compatible with Microsoft Word. Don’t delay and download now—take advantage of our original content for any auditing work you have!
From managing stored data to calculating employee payroll, a flowchart is invaluable when it comes to creating an auditing workflow. But, maybe you’re wondering how a flowchart even works.
Well, as explained by Chron (an online business resource), flowcharts incorporate symbols for creating and explaining the various steps in a process flow. Flowcharts are used for all kinds of work, and auditing is definitely one of them.
When creating an audit flowchart, there are several crucial details to keep in mind. Allow us to inform you about them through our tips below.
For creating a diagram, there’s a particular feature that stands out in Microsoft Word, and that’s the Drawing Canvas.
Add a canvas to your flowchart by going into Insert > Shapes and then selecting New Drawing Canvas. And with that, you’re now ready to start working on your audit diagram! Resize the canvas by click-dragging its nodes, which are found on its sides and corners.
At the top of the Drawing Canvas area, provide a descriptive title. This part involves adding a text box.
Go back into Insert and pick Text Box. Next, place the text box in the designated spot and start typing while it’s selected. For the chart’s title, consider writing something similar to “Billing Information Procedure” or “Company Finance Analysis Workflow.”
Symbols are the primary aspect found in a flowchart. Use the Shapes menu once more when creating these symbols for your own chart document.
In your workflow, both the starting and ending points are represented by ovals. Next, rectangles are used for tasks, actions, etc. As for inputs and outputs, you need parallelograms. Lastly, any present decision steps in your audit procedure are represented by diamond shapes.
Remember that the shapes go into your Drawing Canvas. Resize them by click-dragging their nodes. Meanwhile, repositioning is done by click-dragging the shapes themselves.
In regard to dictating the flow in your audit diagram, you need the help of lines. This time, you need the special Drawing Tools ribbon.
Access these tools by selecting your canvas and then clicking the Drawing Tools button that appears at the very top of MS Word. In the ribbon, go to Insert Shapes before choosing one of the Connector options under the Lines category. With a Connector selected, click-drag from a shape’s node to that of another shape, which gives both of them a line that readjusts itself whenever either of them is moved.
And that does it for our tips! Creating an audit flowchart is now a simple task for you. However, if you’d like more help, feel free to use our Audit Flowchart Templates!
For making an audit flowchart, there’s:
You primarily find shapes, lines, labels, and the title in audit flowcharts.
Both landscape and portrait formats are viable for making an audit flowchart.
Some examples include:
Any form of commercial business benefits from incorporating an audit flowchart.