Financial Audit Manager Checklist

Financial Audit Manager Checklist


Prepared by: [Your Name]

Company: [Your Company Name]

Date: [Date]


I. Preparation and Planning

Task Description

Status

Comments

Define audit scope and objectives

Gather preliminary client information and background.

Develop audit plan and timeline.

Select and assemble the audit tea.m

II. Documentation Requirements

Task Description

Status

Comments

Request and review client financial statements

Obtain prior audit reports.

Gather relevant contracts and agreements.

III. Risk Assessment

Task Description

Status

Comments

Identify high-risk areas

Evaluate financial statement risks.

Assess industry-specific risks

IV. Internal Controls Review

Task Description

Status

Comments

Examine existing internal controls

Test effectiveness of controls

Document findings and weaknesses

V. Fieldwork Procedures

Task Description

Status

Comments

Conduct data sampling and testing

Review financial transactions

Verify account balances and reconcile differences.

VI. Reporting

Task Description

Status

Comments

Compile audit findings

Draft audit report

Review and finalize reports with management.

VII. Follow-up Actions

Task Description

Status

Comments

Ensure corrective actions are identified

Monitor implementation of recommendations.

Schedule follow-up audit if necessary



Checklist Templates @ Template.net