When your area is audited, you should expect the following as we plan, conduct and report results.


Process

  • Planning includes a project risk assessment to determine objectives.
  • Field work includes process and control reviews and testing of transactions.
    • We will share opportunities to improve your operations as they are identified and ask for your input as we develop recommendations.
  • Reporting
    • We will share a draft report for your input before final report is issued.
    • We will include your management action plan as a part of our final report.

Your input is encouraged at every phase.


Results

Some potential results you should expect when we complete our audit are:

  • Recommendations for improved controls and more economical or efficient use of resources;
  • Conclusions on degree of compliance with policies, procedures, regulations and adequacy of financial records;
  • Assessment of risks and controls.