Made with EdrawMax, this template shows the internal controls audit process. Under “Initiated Audit,” it starts with preparing the independence statement, reviewing prior findings, and deciding whether to conduct an audit. In the “Audit Request” section, the received request is evaluated, and access decisions are made, with referrals if needed. The “Computer - Assis Audit Procedures” part includes steps like analytical review, testing employees, checking pay reasonableness, and recalculating gross pay. Finally, all audit test results are summarized. It's a useful tool for auditors and businesses to standardize and understand the internal controls audit workflow, ensuring a systematic approach to audits.
