Audit Process

  • Planning - Gain an understanding of the organization's mission, goals, and processes, and research relevant laws and regulations.
  • Notification - Notify the department of the upcoming audit and its purpose.
  • Opening Meeting - Discuss and formulate audit objectives.
  • Fieldwork - Perform analytical procedures and tests of selected transactions, as well as interview department personnel.
  • Report Drafting - Present draft audit report and recommendations for discussion.
  • Management Response - Request management responses to recommendations and incorporate responses into draft report.
  • Closing Meeting - Provide an opportunity to discuss the draft report and recommendations prior to final report issuance.
  • Finalize Audit Report - Issue final audit report.
  • Follow Up - Review status of management's action plans within one year after final report issuance, if applicable.