Download our most popular content accessed on KnowledgeLeader in September.

1. Project Risk Management Audit Work Program

Our Project Risk Management Audit Work Program serves as an essential tool for internal audit and project management professionals focusing on the thorough evaluation of project risks and controls. It is structured into four samples, each tailored to address specific aspects of project risk management such as strategic alignment, integration, change control and post-implementation reviews. This program outlines methodologies for assessing risk areas, implementing best practices, and ensuring projects align with business and IT strategies.

2. Payroll Audit Work Program

Our Payroll Audit Work Program provides a structured approach to conducting effective payroll audits, emphasizing their importance in verifying tax withholdings, identifying errors, preventing fraud and ensuring compliance with labor laws. It outlines key phases of the audit process, starting with gathering employee rosters and payroll reports and reconciling them against employee hours, payments and company accounts. This document highlights essential steps, such as reviewing internal controls, performing analytical procedures, interviewing personnel and issuing comprehensive audit reports. By conducting regular payroll audits, organizations can strengthen their financial integrity, identify areas for improvement and mitigate risks associated with payroll errors or fraud.

3. Application Controls Audit Work Program

Our Application Controls Audit Work Program is a detailed guide designed to assist organizations in evaluating the effectiveness of application controls, which are essential for preventing, detecting and correcting errors or fraud within information systems. This tool underscores the significance of regular audits as part of an organization's risk management strategy, ensuring data accuracy, regulatory compliance and operational efficiency. It provides a clear framework for identifying risks, implementing controls and improving processes to secure information systems. This work program includes actionable steps tailored to varying complexities and types of applications, making it a versatile tool that can be customized to meet specific organizational needs.

4. Inventory Audit Work Program

Our Inventory Audit Work Program is a detailed guide designed to enhance the accuracy and efficiency of inventory management through systematic auditing practices. It outlines methods to identify discrepancies between physical inventory and recorded data, address risks like theft and obsolescence, and ensure compliance with regulatory standards. This tool emphasizes improving inventory control processes and provides organizations with actionable steps to maintain accurate financial statements and optimize operational efficiency. It serves as a customizable framework for organizations to tailor audit procedures to their unique needs while continuously monitoring and refining their inventory management strategies.

5. IT Asset Management Audit Work Program

Unlock the full potential of your organization’s IT investments with our IT Asset Management Audit Work Program, a practical audit tool designed to help you gain complete visibility and control over your IT assets. By providing a structured approach to auditing, this tool helps organizations ensure the accuracy of their asset inventories, optimize resource utilization and maintain compliance with regulatory standards. It empowers businesses to identify and recover lost or underutilized assets while minimizing risks associated with data breaches and operational inefficiencies. With its guidelines, this audit program not only streamlines asset management processes but also drives strategic decision-making, ultimately leading to significant cost savings and improved organizational performance.

Browse our Financial Reporting and Internal Audit topic pages to see more popular content related to these themes.