Finance Audit Meeting Minute 

Attendees:

1. [Your Name - Title]

2. [Your Name - Title]

3. [Your Name - Title]

4. [Your Name - Title]

5. [Your Name - Title]

Meeting Called By: [Your Name - Title]

Minutes Prepared By: [Your Name - Title]

Agenda:

• Review of Previous Audit Findings

• Presentation of Current Financial Statements

• Discussion of Internal Control Improvements

• External Auditor’s Preliminary Findings

• Planning for the Next Audit Cycle

• Any Other Business

• Next Meeting Schedule

Minutes:

Review of Previous Audit Findings:

• [Your Name] summarized the previous audit findings, focusing on areas that required improvements such as inventory management and expense reporting.

Presentation of Current Financial Statements:

• [Your Name] presented the current financial statements. Key points included increased revenue growth but higher operating expenses.

• Discussions on variances from budgeted figures were held.

Discussion of Internal Control Improvements:

• [Your Name] proposed new measures for strengthening internal controls, including automated expense tracking and enhanced inventory audits.

• The team agreed to implement these measures in Q3 2051.

External Auditor’s Preliminary Findings:

• [Your Name] provided an overview of the preliminary findings. He commended the improvement in inventory management but highlighted areas needing attention, like accounts receivable processing.

Planning for the Next Audit Cycle:

• The team discussed and agreed on the timeline and scope for the next audit cycle.

• Focus areas identified included digital asset management and cybersecurity-related financial risks.

Any Other Business:

• [Your Name] briefed on upcoming regulatory changes that might impact future audits.

• Sarah Wilson to provide a risk management update in the next meeting.

Next Meeting Schedule:

• The next meeting was scheduled for [June 20, 2051], at [10:00 AM] in [Conference Room C].

Action Items:

Adjournment:

[The meeting was adjourned at 12:00 PM by [Your Name]

Approval:

These minutes were approved by the Finance Audit Committee on [May 20, 2051].