Accounting Internal Audit Classification Checklist
Accounting Internal Audit Classification Checklist
This checklist is designed to assist in the Accounting Internal Audit Classification. Make use of it to ensure you cover all aspects for a thorough and effective audit.
Preliminary Review
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Review Company's Accounting Policies
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Review Previous Audit Reports
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Assess Internal Control Systems
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Check Tax Compliance
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Examine Financial Documents
Audit Fieldwork
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Perform Transaction Walkthroughs
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Test Controls
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Analytical Review
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Check Journal Entries
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Perform Trial Balances
Post-audit Activities
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Plan for auditors' exit meeting
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Prepare Draft Audit Report
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Assembly of Audit Evidence
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Communicate findings to management
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Finalize and release the audit report
Follow-up Activities
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Monitor Management's Action Plan
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Follow-Up on Identified Issues
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Assess effectiveness of the audit
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Assemble archives for reviewed documents
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Prepare for the next audit cycle
Prepared By: [YOUR NAME]
