{"id":17903,"date":"2019-05-31T14:10:23","date_gmt":"2019-05-31T14:10:23","guid":{"rendered":"https:\/\/www.process.st\/templates\/financial-audit-checklist\/"},"modified":"2024-02-28T23:02:05","modified_gmt":"2024-02-28T23:02:05","slug":"financial-audit-checklist","status":"publish","type":"post","link":"https:\/\/www.process.st\/templates\/financial-audit-checklist\/","title":{"rendered":"Financial Audit Checklist"},"content":{"rendered":"<section id=\"introduction\">\n<h2>Introduction:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/n84a1bY2FWv6eQE8BOFB5g.png\" alt=\"Process Street - Financial Audit Checklist\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/n84a1bY2FWv6eQE8BOFB5g.png\"> <\/a><figcaption>\n     Process Street - Financial Audit Checklist<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p><strong><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Financial Audit Checklist acts as an internal guide, to aid you through the financial auditing process.<\/strong><\/p>\n<p><span>The checklist can be run from the financial audit procedures beginning, to the end when a final financial audit report is produced.<\/span><\/p>\n<p><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\"><span>Process Steet<\/span><\/a><span>\u2019s Financial Audit Checklist has condensed the financial audit procedure into the following tasks:<\/span><\/p>\n<ul>\n<li><span>Engagement acceptance<\/span><\/li>\n<li><span>Planning<\/span><\/li>\n<li><span>Audit testing<\/span><\/li>\n<li><span>Account analysis<\/span><\/li>\n<li><span>Substantive Procedures<\/span><\/li>\n<li><span>Reporting<\/span><\/li>\n<\/ul>\n<p><span>The earliest surviving mention of a financial audit like procedure dates back to the <a href=\"https:\/\/www.nao.org.uk\/about-us\/our-work\/history-of-the-nao\/\" rel=\"nofollow noopener\" target=\"_blank\">13th century<\/a>.&nbsp;<\/span><span>As a procedure, financial auditing has progressed through the years to become what is currently a thorough assessment.<\/span><\/p>\n<p><strong><a href=\"https:\/\/study.com\/academy\/lesson\/financial-audit-definition-procedure-requirements.html\" rel=\"nofollow noopener\" target=\"_blank\">Financial auditing<\/a> is the process of evaluating an organization's financial reports and financial reporting processes in an objective and independent manner.&nbsp;<\/strong><\/p>\n<p>Regular financial audits<strong> <a href=\"https:\/\/www.ageras.co.uk\/blog\/importance-of-auditing-6-reasons-why-you-should-audit-your-financial-statements\" rel=\"nofollow noopener\" target=\"_blank\">substantially benefit business performance<\/a><\/strong> by:<\/p>\n<ul>\n<li>Ensuring consistent, up-to-date, detailed overviews of business workings.<\/li>\n<li>Providing additional perspectives to ensure on-going full compliance.<\/li>\n<li>Improving credit ratings.<\/li>\n<li>Improving reliability.<\/li>\n<li>Creating certainty in regards to business projection.<\/li>\n<li>Promoting accountability.<\/li>\n<\/ul>\n<p>For FTSE 350 companies, regular financial audits have aided the continual improvement of the companies financial reports and processes.<a href=\"https:\/\/www.frc.org.uk\/getattachment\/915c15a4-dbc7-4223-b8ae-cad53dbcca17\/Developments-in-Audit-2016-17-Full-report.pdf\" rel=\"nofollow noopener\" target=\"_blank\"> With 56% of audit results classified as either good or requiring limited improvement in 2011\/12, rising to 81% in 2016\/17.<\/a><\/p>\n<p>As such, regular financial auditing plays a<a href=\"https:\/\/www.iosco.org\/library\/annual_conferences\/pdf\/ac27-22.pdf\" rel=\"nofollow noopener\" target=\"_blank\"> vital role<\/a>&nbsp;in the improvement and thus business success.<\/p>\n<p>With this in mind, it is fundamental to deliver a comprehensive financial audit report, which requires a&nbsp;<strong>precise, accurate, and reliable audit assessment.<\/strong><\/p>\n<p><strong>The aim of <a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Financial Audit Checklist is to enforce this precision, accuracy, and reliability during the financial auditing process.<\/strong><\/p>\n<p><span><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>&nbsp;does this by utilizing the power of the checklist.&nbsp;<\/span><\/p>\n<p>Effective checklists are noted to increase <a href=\"https:\/\/www.process.st\/case-study-renegard\/\" rel=\"nofollow noopener\" target=\"_blank\">precision<\/a>, <a href=\"https:\/\/trilliumtransit.com\/2017\/11\/20\/checklists\/\" rel=\"nofollow noopener\" target=\"_blank\">accuracy<\/a>, and <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pubmed\/23683085\" rel=\"nofollow noopener\" target=\"_blank\">reliability<\/a>.&nbsp;<\/p>\n<p><span> <a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Financial Audit Checklist has been meticulously and effectively designed for you, to deliver a financial audit report to the required standard.<\/span><\/p>\n<p>As you work through this template, you<span>&nbsp;will be presented with <strong>specialized questions<\/strong> given as form fields. Different form fields are used throughout the checklist, such as subtasks, dropdown menus, short answers, long answers, and weblinks. <\/span><\/p>\n<p><span><strong>You can populate each form field with your own specific data.<\/strong> This data is compiled to <strong>produce a final audit report<\/strong> once the checklist is complete.&nbsp;<\/span><\/p>\n<p><span>On completion you are presented with the option to export the generated final report as a document.&nbsp;This is a conditional step, however, using our<a href=\"https:\/\/www.process.st\/help\/docs\/conditional-logic\/\" rel=\"nofollow noopener\" target=\"_blank\">&nbsp;conditional logic<\/a>&nbsp;feature. If this step is not required, you will not be directed to the relevant tasks.<\/span><\/p>\n<p><span>In addition, our&nbsp;<\/span><a href=\"https:\/\/www.process.st\/help\/docs\/stop-tasks\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>stop task<\/span><\/a><span>&nbsp;feature has been used to enforce task order when needed.&nbsp; <\/span><\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"record-details\">\n<h2>Record details<\/h2>\n<div class=\"text-content\">\n<p>In this Financial Audit Checklist, you will be <strong>presented with the following form fields<\/strong>, which you are required to <strong>populate with your own specific data<\/strong>. More information is provided for each form field via linkage to our help pages:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/how-subtask-work\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Subtasks&nbsp;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Dropdown<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Short Text<\/span><\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Date<\/span><\/a><\/li>\n<li><span><a href=\"https:\/\/www.process.st\/help\/docs\/using-email-widget\/\" rel=\"nofollow noopener\" target=\"_blank\">Email widget&nbsp;<\/a><\/span><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Entering email address&nbsp;<\/span><\/a><\/li>\n<\/ul>\n<p>To begin the Financial Audit Checklist, <strong>enter the required details into the form fields below<\/strong>.<\/p>\n<p>This is a&nbsp;<strong>stop task.&nbsp;<\/strong>You will be unable to move on through the Financial Audit Checklist until this task is complete.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h4 style=\"text-align: center;\">Auditors details<\/h4>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Auditors full name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<h4 style=\"text-align: center;\">Auditee's details<\/h4>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Contact address line 1 (street address) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Address line 2 (apartment, suite, unit) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> City <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> ZIP code <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Country <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Business name for financial audit <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Contact name for financial audit results <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<h4 style=\"text-align: center;\">Details for audit review and approval<\/h4>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Approver name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"engagement-acceptance\">\n<h2>Engagement acceptance:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/gURDaDoNTNLb-Wd2UmRHaQ.jpg\" alt=\"Engagement acceptance:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/gURDaDoNTNLb-Wd2UmRHaQ.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"evaluate-risks-associated-with-each-engagement\">\n<h2>Evaluate risks associated with each engagement<\/h2>\n<div class=\"text-content\">\n<p><strong>Check off the subtasks below on completion<\/strong>.&nbsp;<\/p>\n<p>You are presented with a <strong>long text form field<\/strong>, in which you can enter your own notes summarising the evaluation of risks. This will keep the required information on record.<\/p>\n<p>The <strong>dropdown form field<\/strong> presents a <strong>conditional step<\/strong> in this process. By selection 'Yes' or 'No' from the form field, you will be directed to the relevant stage in the process.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Enquire about special circumstances\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Enquire about the companies management and possible pending lawsuits\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Evaluate staffing needed to complete the audit, and confirm each staff member is able to maintain an independent viewpoint\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Evaluate risks associated with engagement <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Do you accept engagement? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">An <a href=\"https:\/\/www.accountingtools.com\/articles\/2017\/9\/4\/audit-engagement\" rel=\"nofollow noopener\" target=\"_blank\">audit engagement<\/a> is an arrangement between the auditor and the client, for an audit to be performed of the client's financial statements and accounting records.&nbsp;<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"decline-engagement\">\n<h2>Decline engagement<\/h2>\n<div class=\"text-content\">\n<p><strong>You have declined engagement<\/strong>. You can<strong> summarize the reasons<\/strong> for this declined engagement in the long text form field below.<\/p>\n<p>The <strong>dropdown form field<\/strong> presents a <strong>conditional step<\/strong> in this process. By selection 'Yes' or 'No' from the form field, you will be directed to the relevant stage in the process.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Summarise reasons why engagement was declined <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to communicate declined engagement to the relevant stakeholders via email? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"email-to-communicate-declined-engagement\">\n<h2>Email to communicate declined engagement<\/h2>\n<div class=\"text-content\">\n<p>You can <strong>use our email widget<\/strong> below to email the reasons for declined engagement to the relevant personnel.&nbsp;<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"accept-engagement\">\n<h2>Accept engagement<\/h2>\n<div class=\"text-content\">\n<p>Once you have accepted engagement, you must carry out the subsequent necessary steps which are indicated below.&nbsp;<\/p>\n<p>Check off each task from the subtask form field below on completion.<\/p>\n<p><strong>This is a stop task<\/strong>. You cannot continue with the Financial Audit Checklist until this task is complete.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Prepare an engagement letter.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Ensure the engagement letter details the audits timings.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Ensure the engagement letter details the audits responsibility.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-danger\">It is important the steps above are carried out so essential details to undertake the financial audit are recorded.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"planning\">\n<h2>Planning:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/kWeOUU4e19nJsrN5QZZGsg.jpg\" alt=\"Planning:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/kWeOUU4e19nJsrN5QZZGsg.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"perform-prefinancial-audit-checklist-steps\">\n<h2>Perform pre-financial audit checklist steps<\/h2>\n<div class=\"text-content\">\n<p>During the planning phase, you will be <strong>presented with the subtask form field<\/strong> as below. Check off each subtask on its completion.<\/p>\n<p>In addition, the <strong>long text form field<\/strong> is provided for you to add notes in regards to each task within the planning stage of this Financial Audit Checklist.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Obtain a business understanding and an understanding of the business environment in which it operates in.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Perform trend and ratio analysis.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Document the entity's process of internal control.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes on planning <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<h5 style=\"text-align: center;\">Risks associated with engagement<\/h5>\n<p class=\"style-warning\">{{form.Notes:_Evaluate_risks_associated_with_each_engagement.}}<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"risk-assessment\">\n<h2>Risk assessment<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Understand and identify business risks and the business environment in which it operates in.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Assess whether there may be risks that could impact the financial statement.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Assess the risk of misstatement in the entity's financial statements.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes on risk assessment <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"audit-testing\">\n<h2>Audit testing:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/nKbuyht8bUulxy6MNQhLRg.png\" alt=\"Audit testing:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/nKbuyht8bUulxy6MNQhLRg.png\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"test-financial-data\">\n<h2>Test financial data<\/h2>\n<div class=\"text-content\">\n<p><strong>Financial data needs to be checked.<\/strong> Take the time to perform these checks by testing the financial data.&nbsp;&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Perform tests on financial data.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: perform tests on financial data <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">An example of testing financial data could be a random selection of forty disbursements, to ensure the correct amount is written on the checks and the checks are payable to the correct vendor. The invoice associated with this disbursement should then be checked to ensure the expense is classified correctly and the vendor exists.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"account-analysis\">\n<h2>Account analysis:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/l7CgBUyb0awH7l3EgXNICg.jpg\" alt=\"Account analysis:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/l7CgBUyb0awH7l3EgXNICg.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-accounting-requirements\">\n<h2>Assess accounting requirements<\/h2>\n<div class=\"text-content\">\n<p>The attainment details and the notes provided on each task under headings 'Account Analysis' and 'Substantive Procedures' will be combined to produce the final financial audit report.&nbsp;<\/p>\n<p>For tasks under headings 'Account Analysis' and 'Substantive Procedures'&nbsp; you will be presented with the<strong> subtask form fields<\/strong> as below. You are required to <strong>check off the tasks from this form field<\/strong> on the completion of each task.&nbsp;<\/p>\n<p>You can then<strong> determine whether all requirements are attained<\/strong> by selecting 'Pass' or 'Fail' from the dropdown form field provided.&nbsp;<\/p>\n<p>The <strong>long text form field<\/strong> can be <strong>populated with key information<\/strong> to be relayed into the final report at the end of the Financial Audit Checklist.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Proper books and records are kept of transactions.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Accounts comply with requirements for external scrutiny.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Accounts are formally approved at an annual meeting.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Accounting requirements attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Accounting requirements <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-organizational-structure\">\n<h2>Assess organizational structure<\/h2>\n<div class=\"text-content\">\n<p>Now you need to <strong>assess<\/strong> the <strong>organizational structure,<\/strong> using the <strong>sub-checklist below<\/strong> to guide your analysis and <strong>recording your findings<\/strong> in the <strong>form fields<\/strong> below.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Organizational structure is shown in a plan.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Lines of authority and reporting are laid down in writing and communicated to staff.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Proper training is given to staff and volunteers.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Professional advice is taken where appropriate.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Organizational structure attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Organizational structure <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-budgets\">\n<h2>Assess budgets<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Annual budgets are prepared and approved to cover both income and expenditure.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Performance is measured against budgets at regular intervals.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Budgets attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Budgets <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-banking-and-custody-procedures\">\n<h2>Assess banking and custody procedures<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Incoming receipts are banked promptly and regularly.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Safe custody is ensured for valuables held on premises.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Keys of safe or cash box are signed for.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Insurance is held to cover the contents of safe or the cash box.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Incoming money is banked, with no amounts held over petty cash feeding\/replenishment.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       6\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Written statements of banking and custody procedures are available to staff and volunteers.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       7\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Money belonging is held separately from individuals or staff members.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       8\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Control over receipt books are in place.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Banking and custody procedures attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Banking and custody procedures <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-checks-of-income-records\">\n<h2>Assess checks of income records<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Regular checks are made to ensure records are accurate.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Regular checks are made to ensure discrepancies between records are absent.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Checks are made by someone other than the original recording officer.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Restrictions placed on donated income are identified and observed?\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Over-expenditure is controlled.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       6\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Expenditures are properly authorized.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       7\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Required supporting documentation is present and maintained for expenditures.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       8\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Check books are kept in a secure place with access only by nominated persons.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       9\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Payment preparation is undertaken by someone other than the authorizing officer.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       10\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      There is a written statement of policy and practice on payment procedures available to staff and volunteers.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Check of income records attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Check of income records <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-controls-over-purchases\">\n<h2>Assess controls over purchases<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Invoices are checked against orders made.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Quality and quantity of goods supplied are checked against orders made.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Inventory stock checks are taken regularly.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Authority levels for placing orders are documented.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Payment is only made against original invoices.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Control over purchases attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Control over purchases <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-staff-and-salaries\">\n<h2>Assess staff and salaries<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Personnel records are kept and held separately from wage records.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Wage\/salary levels are properly authorized and recorded.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Checks are made to verify the existence of employees.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Cash payments are avoided wherever possible.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Staff are employed in compliance with state\/federal regulations.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       6\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Background checks are completed, particularly for staff assigned financial duties.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Staff and salaries attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Staff and salaries <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-bank-accounts\">\n<h2>Assess bank accounts<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Secure records are held of accounts\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Regular bank reconciliations are carried out.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Instructions to open or close accounts are properly authorized and\/or reported.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Checks are made to ensure there are no dormant records.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Bank statements are regularly inspected by officers not assigned to bookkeeping duties.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       6\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Cross checks are made between bank records and income and expenditure records.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Bank accounts attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Bank accounts <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"substantive-procedures\">\n<h2>Substantive procedures:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/gt9B-mj7ajMNr3EPYr9LZA.jpg\" alt=\"Substantive procedures:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/gt9B-mj7ajMNr3EPYr9LZA.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"analyze-historical-and-forecast-data\">\n<h2>Analyze historical and forecast data<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Conduct ratio comparison with historical, forecast and industry results to spot anomalies.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Analysis attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Analysis <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-cash\">\n<h2>Assess cash<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review bank reconciliations.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review count on-hand cash.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Confirm restrictions on bank balances.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Issue bank confirmations.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Cash attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Cash <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-marketable-securities\">\n<h2>Assess marketable securities<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Confirm securities.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review subsequent transactions.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Verify market value.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Marketable securities attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Marketable securities <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-accounts-receivable\">\n<h2>Assess accounts receivable<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Confirm the account balances.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Investigate subsequent collections.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Test year-end sales and cutoff procedures.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Accounts receivable attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Accounts receivable <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-inventory\">\n<h2>Assess inventory<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Observe the physical inventory count.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Obtain confirmation of inventories held at other locations.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      test shipping and receiving cutoff procedures.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Examine paid supplier invoices.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Test the computation of allocated overhead.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       6\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review current production costs.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       7\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Trace compiled inventory costs to the general ledger.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Inventory attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Inventory <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-fixed-assets\">\n<h2>Assess fixed assets<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Observe assets.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review purchase and disposal authorizations.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review lease documents.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Examine appraisal reports.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Recalculate depreciation and amortization.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Fixed assets attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Fixed assets <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-accounts-payable\">\n<h2>Assess accounts payable<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Examine subsequent payments.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Compare balances to prior years.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Recompute accruals.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Accounts payable attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Accounts payable <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-debt\">\n<h2>Assess debt<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Confirm with lenders.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review lease agreements.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review references in the board of directors minutes.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Debt attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Debt <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-revenue\">\n<h2>Assess revenue<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Examine documentation supporting a selection of sales.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review subsequent transactions.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Confirm unusual items with suppliers.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Revenue attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Revenue <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-expenses\">\n<h2>Assess expenses<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Examine documentation supporting a selection of expenses.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review subsequent transactions.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Confirm unusual items with suppliers.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Expenses attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Expenses <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"reporting\">\n<h2>Reporting:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/k66meQ4hoEGfQOGU6TxHyg.png\" alt=\"Reporting:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/k66meQ4hoEGfQOGU6TxHyg.png\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"finalize-financial-audit-details\">\n<h2>Finalize financial audit details<\/h2>\n<div class=\"text-content\">\n<p>You have so far assessed the financials of the given business. The final step is to <strong>generate a final financial report<\/strong> detailing the important information obtained from your assessment.<\/p>\n<p><strong>Form fields in this step are required.<\/strong> This is a <strong>stop task<\/strong>, meaning you cannot move onto the next stages of this Financial Audit Checklist until this task is complete.<\/p>\n<p>The final results require review and approval from the relevant personnel before continuation in this Financial Audit Checklist is possible.<\/p>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Date of audit completion <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Financial audit attainment <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Notes: Financial audit <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"generate-financial-audit-report\">\n<h2>Generate financial audit report<\/h2>\n<div class=\"text-content\">\n<p>This report requires review and approval by the relevant personnel before continuation of this Financial Audit Checklist is possible.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Financial Audit Report&nbsp;<\/h3>\n<p style=\"text-align: center;\">Audit completed on the {{form.Date_of_audit_completion}}<\/p>\n<p style=\"text-align: center;\">Audit completed by {{form.Your_name}}<\/p>\n<h4 style=\"text-align: center;\">Accounting analysis&nbsp;<\/h4>\n<h5>Accounting requirements&nbsp;<\/h5>\n<p>{{form.Accounting_requirements_attainment}}<\/p>\n<p>{{form.Notes:_Accounting_requirements}}<\/p>\n<h5>Organizational structure&nbsp;<\/h5>\n<p>{{form.Organizational_structure_attainment}}<\/p>\n<p>{{form.Notes:_Organizational_structure}}<\/p>\n<h5>Budgets&nbsp;<\/h5>\n<p>{{form.Budgets_attainment}}<\/p>\n<p>{{form.Notes:_Budgets}}<\/p>\n<h5>Banking and custody procedures&nbsp;<\/h5>\n<p>{{form.Banking_and_custody_procedures_attainment}}<\/p>\n<p>{{form.Notes:_Banking_and_custody_procedures}}<\/p>\n<h5>Checks of income records&nbsp;<\/h5>\n<p>{{form.Check_of_income_records_attainment}}<\/p>\n<p>{{form.Notes:_Check_of_income_records}}<\/p>\n<h5>Controls over purchases&nbsp;<\/h5>\n<p>{{form.Control_over_purchases_attainment}}<\/p>\n<p>{{form.Notes:_Control_over_purchases}}<\/p>\n<h5>Staff and salaries&nbsp;<\/h5>\n<p>{{form.Staff_and_salaries_attainment}}<\/p>\n<p>{{form.Notes:_Staff_and_salaries}}<\/p>\n<h5>Bank accounts&nbsp;<\/h5>\n<p>{{form.Bank_accounts_attainment}}<\/p>\n<p>{{form.Notes:_Bank_accounts}}<\/p>\n<h4 style=\"text-align: center;\">Substantive Procedures&nbsp;<\/h4>\n<h5>Analysis&nbsp;<\/h5>\n<p>{{form.Analysis_attainment}}<\/p>\n<p>{{form.Notes:_Analysis}}<\/p>\n<h5>Cash&nbsp;<\/h5>\n<p>{{form.Cash_attainment}}<\/p>\n<p>{{form.Notes:_Cash}}<\/p>\n<h5>Marketable securities<\/h5>\n<p>{{form.Marketable_securities_attainment}}&nbsp;<\/p>\n<p>{{form.Notes:_Marketable_securities}}<\/p>\n<h5>Accounts receivable&nbsp;<\/h5>\n<p>{{form.Accounts_receivable_attainment}}<\/p>\n<p>{{form.Notes:_Accounts_receivable}}<\/p>\n<h5>Inventory&nbsp;<\/h5>\n<p>{{form.Inventory_attainment}}<\/p>\n<p>{{form.Notes:_Inventory}}<\/p>\n<h5>Fixed assets&nbsp;<\/h5>\n<p>{{form.Fixed_assets_attainment}}<\/p>\n<p>{{form.Notes:_Fixed_assets}}<\/p>\n<h5>Accounts payable&nbsp;<\/h5>\n<p>{{form.Accounts_payable_attainment}}<\/p>\n<p>{{form.Notes:_Accounts_payable}}<\/p>\n<h5>Debt<\/h5>\n<p>{{form.Debt_attainment}}<\/p>\n<p>{{form.Notes:_Debt}}<\/p>\n<h5>Revenue&nbsp;<\/h5>\n<p>{{form.Revenue_attainment}}<\/p>\n<p>{{form.Notes:_Revenue}}<\/p>\n<h5>Expenses&nbsp;<\/h5>\n<p>{{form.Expenses_attainment}}<\/p>\n<p>{{form.Notes:_Expenses}}<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to email the financial audit's summary to relevant stakeholders? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to export this final report as a PDF document? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to export this final report as a Google document? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"approval\">\n<h2>Approval: <\/h2>\n<div class=\"approval-content\">\n<div class=\"header\">\n<div class=\"list-title\">\n    Will be submitted for approval:\n   <\/div>\n<\/p><\/div>\n<div class=\"approval-rule-subject-tasks-list\">\n<ul class=\"list\">\n<li>\n<div class=\"approval-rule-subject-tasks-list-item\">\n<div class=\"item\">\n<div class=\"container\">\n        <span class=\"title\">Generate financial audit report<\/span> <\/p>\n<div class=\"body\">\n         Will be submitted\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/li>\n<li>\n<div class=\"approval-rule-subject-tasks-list-item\">\n<div class=\"item\">\n<div class=\"container\">\n        <span class=\"title\">Finalize financial audit details<\/span> <\/p>\n<div class=\"body\">\n         Will be submitted\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"email-financial-statement-summary\">\n<h2>Email financial statement summary<\/h2>\n<\/section>\n<section id=\"export-the-final-financial-report-as-a-pdf-document\">\n<h2>Export the final financial report as a PDF document<\/h2>\n<div class=\"text-content\">\n<p>Exporting your Financial Audit final report as a PDF document is easy. <strong>Watch the video below<\/strong> which shows you how you can export your template, and therefore your final report, as a PDF document.<\/p>\n<\/p><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/DboFxuYS1iI?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"export-the-final-financial-audit-report\">\n<h2>Export the final financial audit report<\/h2>\n<div class=\"text-content\">\n<p>You can export the final report as a PDF straight from the checklist - show as a screen shot - if want to customise design can connect with google docs - auto filled everytime checklist is run.&nbsp;<\/p>\n<p>Process Street has outlined how you can send the Financial Audit report from Process Street to Google Documents using the application Zapier.<\/p>\n<p><span>Create a free account with Zapier&nbsp;<\/span><a href=\"https:\/\/zapier.com\/?&amp;utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=gaw-uk-nua-search-all-brand_broad&amp;utm_term=%2Bzapier&amp;utm_content=196idtou_pcrid_341021490914_pkw_%2Bzapier_pmt_b_pdv_c_slid__pgrid_68136598443_ptaid_kwd-298647606141_\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a><\/p>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/ot05hz8yu0lU2LwEpFdGow.png\" alt=\"Re-open a blank version of the Finance Audit Checklist and click on the 'Edit Template' option on the screens right-hand side. Once you have opened the 'Edit Template' view, go to the 'Your Report' task and copy and paste the entire text into a new google document as above. Name this document and save. When the 'Zap' has been created using Zapier, the relevant information from your final report will populate the form fields in this document.\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/ot05hz8yu0lU2LwEpFdGow.png\"> <\/a><figcaption>\n     Re-open a blank version of the Finance Audit Checklist and click on the 'Edit Template' option on the screens right-hand side. Once you have opened the 'Edit Template' view, go to the 'Your Report' task and copy and paste the entire text into a new google document as above. Name this document and save. When the 'Zap' has been created using Zapier, the relevant information from your final report will populate the form fields in this document.<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/htKVd7q887D_eAASZrdPTQ.png\" alt=\"Set up a Zapier account, and click on 'Make a Zap'. Select Process Street as your Trigger application. By doing this, you will then be able to access the Finance Audit Checklist from your Process Street account in the next steps.\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/htKVd7q887D_eAASZrdPTQ.png\"> <\/a><figcaption>\n     Set up a Zapier account, and click on 'Make a Zap'. Select Process Street as your Trigger application. By doing this, you will then be able to access the Finance Audit Checklist from your Process Street account in the next steps.<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/tVylIKMlw-ydeSTBiMZD2Q.png\" alt=\"Select 'New Task Checked' as the trigger task. When a new task is checked in the Finance Audit Checklist, a response will be triggered in Zapier.\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/tVylIKMlw-ydeSTBiMZD2Q.png\"> <\/a><figcaption>\n     Select 'New Task Checked' as the trigger task. When a new task is checked in the Finance Audit Checklist, a response will be triggered in Zapier.<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/qg2ufuBkW9Hs4iZ5H4BLLg.png\" alt=\"Make sure to select the Finance Audit Checklist and the 'Export the Report' task. Then test to see if the trigger works.\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/qg2ufuBkW9Hs4iZ5H4BLLg.png\"> <\/a><figcaption>\n     Make sure to select the Finance Audit Checklist and the 'Export the Report' task. Then test to see if the trigger works.<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/jbbNex2D82Wp8t75KA5JNA.png\" alt=\"Choose an appropriate action app. The Finance Audit report is to export as a new google document, and so Google Documents is our action application.\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/jbbNex2D82Wp8t75KA5JNA.png\"> <\/a><figcaption>\n     Choose an appropriate action app. The Finance Audit report is to export as a new google document, and so Google Documents is our action application.<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/ql_qhGwrTDGLfSJxt91OOA.png\" alt=\"Select 'Create a Document from Template' as the action step. This will create a google document from the Finance Audit Checklist.\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/ql_qhGwrTDGLfSJxt91OOA.png\"> <\/a><figcaption>\n     Select 'Create a Document from Template' as the action step. This will create a google document from the Finance Audit Checklist.<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/pn2otCVWIRuhdlQed4dBhw.png\" alt=\"Edit the new document. Insert the fields from your completed Finance Audit Checklist. This will pull the information from this template and populate the linked google document.\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/pn2otCVWIRuhdlQed4dBhw.png\"> <\/a><figcaption>\n     Edit the new document. Insert the fields from your completed Finance Audit Checklist. This will pull the information from this template and populate the linked google document.<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/r_8LE3UpFjvBtNuraPdG0Q.png\" alt=\"Your final report should come through to your google drive as a new document. The information in the google document report should match the information in your final report created in the Finance Audit Checklist.\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/r_8LE3UpFjvBtNuraPdG0Q.png\"> <\/a><figcaption>\n     Your final report should come through to your google drive as a new document. The information in the google document report should match the information in your final report created in the Finance Audit Checklist.<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"related-checklists\">\n<h2>Related Checklists:<\/h2>\n<div class=\"text-content\">\n<ul>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounting-onboarding-procedures\/\" rel=\"nofollow\">Accounting Onboarding Procedures<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/creating-an-invoice\/\" rel=\"nofollow\">Creating an Invoice<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/bank-reconciliation-template\/\" rel=\"nofollow\">Bank Reconciliation Template<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/expense-management-process\/\" rel=\"nofollow\">Expense Management Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounts-receivable-process\/\" rel=\"nofollow\">Accounts Receivable Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounts-payable-process\/\" rel=\"nofollow\">Accounts Payable Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/income-profit-and-loss-statement-process\/\" rel=\"nofollow\">Income (Profit and Loss) Statement Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/cash-flow-report\" rel=\"nofollow\">Cash Flow Report<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/balance-sheet-statement-preparation-checklist\" rel=\"nofollow\">Balance Sheet Statement Preparation Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/business-tax-preparation-checklist\" rel=\"nofollow\">Business Tax Preparation Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/annual-financial-report-template\/\" rel=\"nofollow\">Annual Financial Report Template<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/your-first-template-click-here-to-get-started-138\/\" rel=\"nofollow noopener\" target=\"_blank\">Client Services: Accounting Onboarding<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/bank-reconciliation-template\/\" rel=\"nofollow noopener\" target=\"_blank\">Bank Reconciliation Template<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/client-onboarding-for-financial-planners\/\" rel=\"nofollow noopener\" target=\"_blank\">Client Onboarding For Financial Planners<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/creating-an-invoice\/\" rel=\"nofollow noopener\" target=\"_blank\">Creating An Invoice&nbsp;<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/expense-management-process\/\" rel=\"nofollow noopener\" target=\"_blank\">Expense Management Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-management-for-new-projects\/\" rel=\"nofollow noopener\" target=\"_blank\">Financial Management For New Projects<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/investor-pitch\/\" rel=\"nofollow noopener\" target=\"_blank\">Investor Pitch<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/pci-compliance-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">PCI Compliance Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/private-equity-due-dilligence-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">Private Equity Due Diligence Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/procurement-guidelines-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">Procurement Guidelines and Checklist<\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/purchase-of-a-business\/\" rel=\"nofollow noopener\" target=\"_blank\">Purchase Of A Busines<\/a>s&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/purchase-order-workflow-template\/\" rel=\"nofollow noopener\" target=\"_blank\">Purchase Order Workflow Template&nbsp;<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/startup-due-diligence-for-a-venture-capitalist\/\" rel=\"nofollow noopener\" target=\"_blank\">Startup Due Diligence For A Venture Capitalist<\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/environmental-accounting-internal-audit\/\" rel=\"nofollow\">Environmental Accounting Internal Audit<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/cash-management-process\/\" rel=\"nofollow\">Cash management process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/budget-process\/\" rel=\"nofollow\">Budget Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-plan-template\/\" rel=\"nofollow\">Financial Plan Template<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-planning-process\/\" rel=\"nofollow\">Financial Planning Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/tax-preparation-checklist\/\" rel=\"nofollow\">Tax Preparation Checklist<\/a><\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"sources\">\n<h2>Sources:<\/h2>\n<div class=\"text-content\">\n<p><a href=\"https:\/\/study.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Study.com<\/a>&nbsp;- <a href=\"https:\/\/study.com\/academy\/lesson\/financial-audit-definition-procedure-requirements.html\" rel=\"nofollow noopener\" target=\"_blank\">Financial Audit: Definition, Procedure and Requirements<\/a><\/p>\n<p><a href=\"https:\/\/www.nao.org.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">National Audit Office<\/a>&nbsp;- <a href=\"https:\/\/www.nao.org.uk\/about-us\/our-work\/history-of-the-nao\/\" rel=\"nofollow noopener\" target=\"_blank\">History Of The NAO<\/a><\/p>\n<p><a href=\"https:\/\/www.ageras.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">ageras<\/a>&nbsp;- <a href=\"https:\/\/www.ageras.co.uk\/blog\/importance-of-auditing-6-reasons-why-you-should-audit-your-financial-statements\" rel=\"nofollow noopener\" target=\"_blank\">Importance Of Auditing: 6 Reasons Why You Should Audit Your Financial Statements<\/a><\/p>\n<p><a href=\"https:\/\/www.iosco.org\/events\/?subsection=annual_conferences&amp;acID=27\" rel=\"nofollow noopener\" target=\"_blank\">OICU-IOSCO<\/a>&nbsp;- <a href=\"https:\/\/www.iosco.org\/library\/annual_conferences\/pdf\/ac27-22.pdf\" rel=\"nofollow noopener\" target=\"_blank\">Corporate Governance - The Role of Financial Reporting And Auditing In Good Corporate Governance<\/a><\/p>\n<p><a href=\"https:\/\/www.chron.com\/?_ga=2.259392521.2020694582.1557817022-1566773477.1556102362\" rel=\"nofollow noopener\" target=\"_blank\">Chron<\/a>&nbsp;- <a href=\"https:\/\/smallbusiness.chron.com\/6-phases-financial-statement-audit-3775.html\" rel=\"nofollow noopener\" target=\"_blank\">6 Phases Of A Financial Statement Audit<\/a><\/p>\n<p><a href=\"https:\/\/www.accountingtools.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Accounting Tools<\/a>&nbsp;- <a href=\"https:\/\/www.accountingtools.com\/articles\/what-is-a-financial-statement-audit.html\" rel=\"nofollow noopener\" target=\"_blank\">Financial Statement Audit<\/a><\/p>\n<p><a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\">Process Street<\/a>&nbsp;- <a href=\"https:\/\/www.process.st\/case-study-renegard\/\" rel=\"nofollow noopener\" target=\"_blank\">How Renegard Uses Process Street To Improve Productivity, Quality Control and Employee Onboarding <\/a><\/p>\n<p><a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pubmed\/?term=Boat%20AC%5BAuthor%5D&amp;cauthor=true&amp;cauthor_uid=23683085\" rel=\"nofollow noopener\" target=\"_blank\">Boat AC,<\/a> <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pubmed\/?term=Spaeth%20JP%5BAuthor%5D&amp;cauthor=true&amp;cauthor_uid=23683085\" rel=\"nofollow noopener\" target=\"_blank\">Spaeth JP<\/a>&nbsp;- <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pubmed\/23683085\" rel=\"nofollow noopener\" target=\"_blank\">Handoff Checklists Improve The Reliability of Patient Handoffs In The Operating Room And Postanesthesia Car Unit<\/a><\/p>\n<p><a href=\"https:\/\/www.accountingtools.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Accounting Tools<\/a>&nbsp;- <a href=\"https:\/\/www.accountingtools.com\/articles\/2017\/9\/4\/audit-engagement\" rel=\"nofollow noopener\" target=\"_blank\">Audit Engagement<\/a><\/p>\n<p><a href=\"https:\/\/pixabay.com\/es\/photos\/auditor%C3%ADa-contabilidad-figuras-4190945\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/es\/users\/tumisu-148124\/\" rel=\"nofollow noopener\" target=\"_blank\">Tumisu<\/a>, re-sized<\/p>\n<p><a href=\"https:\/\/pixabay.com\/es\/photos\/concepto-hombre-documentos-persona-1868728\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/es\/users\/pexels-2286921\/\" rel=\"nofollow noopener\" target=\"_blank\">Pexels<\/a>, re-sized<\/p>\n<p><a href=\"https:\/\/pixabay.com\/es\/illustrations\/prueba-pruebas-signo-laboratorio-670091\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/es\/users\/flag-276981\/\" rel=\"nofollow noopener\" target=\"_blank\">flag<\/a>, re-sized<\/p>\n<p><a href=\"https:\/\/pixabay.com\/es\/photos\/oficina-negocio-port%C3%A1til-2717014\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/es\/users\/goumbik-3752482\/\" rel=\"nofollow noopener\" target=\"_blank\">Goumbik<\/a>, re-sized<\/p>\n<p><a href=\"https:\/\/pixabay.com\/es\/photos\/auditor%C3%ADa-auditor-an%C3%A1lisis-examen-4190944\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/es\/users\/tumisu-148124\/\" rel=\"nofollow noopener\" target=\"_blank\">Tumisu<\/a>, re-sized<\/p>\n<p><a href=\"https:\/\/pixabay.com\/es\/photos\/financieros-analytics-difuminar-2860753\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/es\/users\/6689062-6689062\/\" rel=\"nofollow noopener\" target=\"_blank\">ID 6689062<\/a>, re-sized<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/channel\/UCzQ7wReQLxZV-NndyXByfwQ\" rel=\"nofollow noopener\" target=\"_blank\">Video - Process Street<\/a>&nbsp;-&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?time_continue=21&amp;v=DboFxuYS1iI\" rel=\"nofollow noopener\" target=\"_blank\">Exporting (PDF), and Printing Templates<\/a>, re-sized<\/p>\n<\/p><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: Process Street - Financial Audit Checklist Process Steet\u2019s Financial Audit Checklist acts as an internal guide, to aid you through the financial auditing process. The checklist can be run from the financial audit procedures beginning, to the end when a final financial audit report is produced. Process Steet\u2019s Financial Audit Checklist has condensed the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":17904,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"cover_icon_emoji":"","cover_icon_url":"","tasks_count":"41","template_description":"Process Street's Financial Audit Checklist acts as an internal guide to aid you through the financial auditing process.","template_id":"qMw0G7ISZCTVF7ZE5rRNyg","task_0":"Introduction:","task_slug_0":"introduction","task_1":"Record details","task_slug_1":"record-details","task_2":"Engagement acceptance:","task_slug_2":"engagement-acceptance","task_3":"Evaluate risks associated with each engagement","task_slug_3":"evaluate-risks-associated-with-each-engagement","task_4":"Decline engagement","task_slug_4":"decline-engagement","task_5":"Email to communicate declined 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controls over purchases","task_slug_18":"assess-controls-over-purchases","task_19":"Assess staff and salaries","task_slug_19":"assess-staff-and-salaries","task_20":"Assess bank accounts","task_slug_20":"assess-bank-accounts","task_21":"Substantive procedures:","task_slug_21":"substantive-procedures","task_22":"Analyze historical and forecast data","task_slug_22":"analyze-historical-and-forecast-data","task_23":"Assess cash","task_slug_23":"assess-cash","task_24":"Assess marketable securities","task_slug_24":"assess-marketable-securities","task_25":"Assess accounts receivable","task_slug_25":"assess-accounts-receivable","task_26":"Assess inventory","task_slug_26":"assess-inventory","task_27":"Assess fixed assets","task_slug_27":"assess-fixed-assets","task_28":"Assess accounts payable","task_slug_28":"assess-accounts-payable","task_29":"Assess debt","task_slug_29":"assess-debt","task_30":"Assess revenue","task_slug_30":"assess-revenue","task_31":"Assess expenses","task_slug_31":"assess-expenses","task_32":"Reporting:","task_slug_32":"reporting","task_33":"Finalize financial audit details","task_slug_33":"finalize-financial-audit-details","task_34":"Generate financial audit report","task_slug_34":"generate-financial-audit-report","task_35":"Approval:","task_slug_35":"approval","task_36":"Email financial statement summary","task_slug_36":"email-financial-statement-summary","task_37":"Export the final financial report as a PDF document","task_slug_37":"export-the-final-financial-report-as-a-pdf-document","task_38":"Export the final financial audit report","task_slug_38":"export-the-final-financial-audit-report","task_39":"Related 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