KnowledgeLeader's sample audit reports provide you with an outline of how to conduct and report on a variety of audits. Our audit report templates contain sample information such as: the background and purpose of an audit; objectives of an audit; activities of an audit; findings and identification of key risks; recommendations of a particular audit, and much more. As always, these tools are provided in downloadable versions, so they can be customized for use in your organization.

We offer over 115 sample audit reports that offer a wide range of support. Some of KnowledgeLeader's most popular audit report samples are listed below. For a full list of available items, visit our Audit Reports content area.

ACCOUNTING/FINANCE AUDIT REPORT SAMPLE

Human Resources (HR) Process and Compliance Audit Report
The objective of this review was to assess the overall effectiveness of human resource processes, with specific focus on time reporting accuracy and completeness. This included management’s process for ensuring that hours reported were worked and paid within the correct pay scale and differentials. In addition, the review included a high-level assessment of the hiring, recruiting and terminating processes.

Purchase-to-Payment Review Audit Report
This document contains three sample audit reports that can be used by auditors to learn how other organizations conducted a purchase-to-payment audit. Testing involved activities such as establishing standard invoice numbering policies, requiring purchase orders for appropriate incoming invoices, monitoring costs per transaction processing, taking steps to minimize costs, and conducting duplicate payment reviews and third-party audits.

CASH AND TREASURY AUDIT REPORT SAMPLE

Accounts Payable Review Audit Report
This tool contains three sample audit reports that can be used by auditors to perform an organization’s accounts payable audit. Testing involved activities such as determining if key financial and business controls exist and are operating effectively, assessing the operating efficiency of the process, reviewing performance measures used to monitor and improve the process, and assessing compliance with applicable corporate policies and procedures.

Sales Commissions Audit Report
This sample report provides findings from a sales commissions review at a company. The objective of this review was to obtain an understanding of the commissions processes, evaluate the adequacy and effectiveness of the associated internal controls. and identify opportunities for process improvements. The scope included the sales commissions payment process utilized for the company’s financial year plan and detailed testing of Q1 and Q2 financial year sales commissions.

AUDIT REPORTING AUDIT REPORT SAMPLES

Sales Order Processing Review Audit Report
In this audit report, internal audit conducted a review of the sales order processing cycle with the objective of evaluating the overall function for adequate controls and operational effectiveness. Specific areas of focus include quote-to-invoice process, contract operations/maintenance, accuracy and integrity of data captured in the order management system, and the quote-to-invoice cycle time.

Product Safety Review Audit Report
This audit report provides findings from a product safety review performed at a company. The primary purpose of the company’s product safety program was to ensure that all finished products were tested in accordance with established testing protocols prior to shipment or transfer of title to the company. 

PAYROLL AUDIT REPORT SAMPLES

Disbursements Review Audit Report
This sample audit report provides a review of the key processes related to disbursement, including accounts payable (AP), expense accounting and procurement cards. Objectives of this report include understanding the AP, expense accounting and procurement card processes; evaluating the internal control environment and process effectiveness/efficiency; and providing best practices where opportunities for improvement exist.

Payroll Review Audit Report
This sample audit report can be used by auditors to conduct an organization's payroll process audit. Payroll process audits involve understanding the payroll policies and processes, analyzing and updating existing process documentation, documenting associated risks and controls, identifying gaps in controls where risks are not adequately mitigated, and conducting testing to identify control gaps that need to be mitigated.

FINANCIAL AUDIT REPORT SAMPLES

Purchase-to-Payment Review Audit Report
This document contains three sample audit reports that can be used by auditors to learn how other organizations conducted a purchase-to-payment audit. Testing involved activities such as establishing standard invoice numbering policies, requiring purchase orders for appropriate incoming invoices, monitoring costs per transaction processing, taking steps to minimize costs, and conducting duplicate payment reviews and third-party audits.

Financial Due Diligence Report
This sample audit report presents findings from a financial due diligence analysis of a company being acquired. The report includes details on the following: (1) Background and introduction, covering industry overview, overview of the company, and operations summary; (2) Framework, including environment, owners/alliances, value, customers, management, competitors, information, business processes, and suppliers; (3) The proposed transaction; (4) Key findings, including deal issues, valuation issues, representation issues and post-closing issues; (5) Analysis of profit and loss account, covering revenue, summary of contract and costs; etc.