This sample audit report can be used for evaluating the financial close and payroll processes with respect to use of the PeopleSoft enterprise system.
Tasks in the close-the-books process include benchmarking the current state of the close process and techniques; performing a gap assessment with common practices; identifying areas and processes outside the finance department control that could positively impact finance operations; reviewing existing monitoring reports and close checklists to identify relevant lead times for each task and potential dependencies; and identifying the high-risk areas for the community related to the finance department.