Docstoc

Audit Report Template

Document Sample
Audit Report Template Powered By Docstoc
					An audit report is a formal opinion or disclaimer that is given either by an auditor that is
within the company or an auditor that is external to the company. Audits can be
performed on an individual or entity and an audit report is vital to notify the entity or
individual of their financial information. This template can be used by individuals or
entities that are in the process of being audited or if they want to self-audit to see their
financial information.
Audit Reports have three major objectives:
1. Inform management of audit findings.
2. Explain to management why there are items that need to be addressed.
3. Resolve items that are critical to the Client’s audit process.
Audit Reports should include the following: (1) Introduction; (2) Terminology and Scope of
Audit; (3) Findings and Conclusions; and (4) Corrective Actions.

To use this template:
(1) Date your template.
(2) Mark each item with a “Yes” or “No” checkmark.
    If there is an item that is not applicable, note “N/A” for the item.
(3) Go through the “No” checkmarks, and obtain the necessary information.
(4) All items should be checked as “Yes” or “N/A” before finalizing the audit process.


Guidelines:
Audit Reports should include the following:
    I. Introduction
       1. Audit Report Users
       2. Audit Purpose
       3. Communication Channels
       4. Outline & Design

    II. Terminology & Scope of Audit
        1. Format Specifications
        2. Which items are key to the audit
        3. Who will be handling the audit
        4. Level of detail
        5. Comments
        6. Summary

    III. Findings & Conclusions
         1. Format Specifications
         2. What items are key to the audit
         3. Level of detail
         4. Comments
         5. Summary

    IV. Corrective Actions
        1. Items requiring corrective action
        2. Items requiring policies and procedures

© Copyright 2013 Docstoc Inc.                                                        2
       3. Items requiring internal management processes
To use this audit checklist:
(1) Date your template.
(2) Mark each item with a “Yes” or “No” checkmark.
    If there is an item that is not applicable, note “N/A” for the item.
(3) Go through the “No” checkmarks, and obtain the necessary information.
(4) All items should be checked as “Yes” or “N/A” before proceeding with the start-up business.
(5) For each category, add specific fields relevant to your audit.


             Introduction — Audit Report Users                 Y    N          Comments
Client information: ________________________________
Audit information: ______________________________
Representative information: ________________________


                Introduction — Audit Purpose                   Y    N          Comments
Audited financials: ______________________________
Reporting regulations: ___________________________
Personnel audits: ______________________________



         Introduction — Communication Channels                 Y    N          Comments
Audit manager: ______________________________
Accountant: _________________________________
Management: _______________________________



              Introduction — Outline & Design                  Y    N          Comments
Background: ________________________________
Purpose: ___________________________________
Guidelines: _________________________________



           Terminology/Scope of Audit — Format                 Y    N          Comments
Consistencies: ______________________________
Interchangeable items: ________________________
Mechanisms: _______________________________



         Terminology/Scope of Audit — Key Items                Y    N          Comments
Audit structure: _____________________________
Audit contents: ______________________________

© Copyright 2013 Docstoc Inc.                                                       3
         Terminology/Scope of Audit — Key Items       Y   N   Comments
Audit purpose: ______________________________



     Terminology/Scope of Audit — Who is Involved     Y   N   Comments
Person A: _________________________________
Person B: _________________________________
Person C: ________________________________



        Terminology/Scope of Audit — Detail Level     Y   N   Comments
Findings: _________________________________
Significance: _______________________________
Expectations: ______________________________



         Terminology/Scope of Audit — Comments        Y   N   Comments
Auditor: _________________________________
Managers: _______________________________
Agency: _________________________________



         Terminology/Scope of Audit — Summary         Y   N   Comments
Purpose: ________________________________
Content: _________________________________
Users: __________________________________



     Findings & Conclusions — Format Specifications   Y   N   Comments
Item A: _________________________________
Item B: __________________________________
Item C: _________________________________



        Findings & Conclusions — Key Audit Items      Y   N   Comments
Item A: _________________________________
Item B: _________________________________
Item C: ________________________________



     Findings & Conclusions — Audit Level of Detail   Y   N   Comments
Item A: _________________________________


© Copyright 2013 Docstoc Inc.                                    4
     Findings & Conclusions — Audit Level of Detail   Y   N   Comments
Item B: _________________________________
Item C: _________________________________



       Findings & Conclusions — Audit Comments        Y   N   Comments
Item A: _________________________________
Item B: _________________________________
Item C: _________________________________



        Findings & Conclusions — Audit Summary        Y   N   Comments
Item A: _________________________________
Item B: _________________________________
Item C: _________________________________



     Corrective Actions — Items Needing Correction    Y   N   Comments
Summary items: _______________________________
Policies & procedures: ___________________________
Management processes: _________________________




© Copyright 2013 Docstoc Inc.                                    5

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:3123
posted:1/4/2012
language:Unknown
pages:6
Description: An audit report is a formal opinion or disclaimer that is given either by an auditor that is within the company or an auditor that is external to the company. Audits can be performed on an individual or entity and an audit report is vital to notify the entity or individual of their financial information. This template can be used by individuals or entities that are in the process of being audited or if they want to self-audit to see their financial information.