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.

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Preliminary Review

• Review Company's Accounting Policies

• Review Previous Audit Reports

• Assess Internal Control Systems

• Check Tax Compliance

• Examine Financial Documents

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Audit Fieldwork

• Perform Transaction Walkthroughs

• Test Controls

• Analytical Review

• Check Journal Entries

• Perform Trial Balances

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Post-audit Activities

• Plan for auditors' exit meeting

• Prepare Draft Audit Report

• Assembly of Audit Evidence

• Communicate findings to management

• Finalize and release the audit report

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Follow-up Activities

• Monitor Management's Action Plan

• Follow-Up on Identified Issues

• Assess effectiveness of the audit

• Assemble archives for reviewed documents

• Prepare for the next audit cycle

Prepared By: [YOUR NAME]

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