Spending Authority Review Audit Work Program

This work program provides steps and considerations for reviewing spending authority policies and processes.

Project work steps include: through the use of inquiry and transaction testing, gain an understanding of the company’s internal controls surrounding spending authorizations; perform testing and analysis on sample disbursements to determine compliance with spending authorization policies; identify control weaknesses and make recommendations for improvement; conduct a planning meeting to discuss scope, approach and timing; determine timeframe of period to be examined; and determine the appropriate auditee contact(s).