Close-the-Books, Finance, IT and Human Resources Review Report

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.