audit of a company process and financial report
1. Pre-Audit Preparation
- Access and read past audit documents.
- Identify recurring issues and trends.
- Note recommendations made and their implementation status.
- Assess changes in company processes since last audit.
- Define specific goals for the audit.
- Determine areas of focus based on risk assessment.
- Outline the extent of the audit, including departments.
- Consult stakeholders for input on objectives.
- Select team members with relevant expertise.
- Assign specific roles and responsibilities to each member.
- Ensure team members understand the audit objectives.
- Provide necessary training if required.
- Coordinate with team to finalize audit dates.
- Inform all relevant departments of the schedule.
- Provide details on audit procedures and expectations.
- Allow departments time to prepare for the audit.
- Identify required documents for the audit.
- Request access to financial records and reports.
- Compile process documentation and compliance records.
- Ensure all gathered materials are organized and complete.
Use in Manifestly