Free Financial Audit Manager Checklist Template
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 |
|
