This sample questionnaire can be used by management and process owners before conducting a budgetary audit.
Sample questions include: What is the deadline for submission to the board? What is the average duration of the budget process? About how many drafts are created? Who is responsible for compiling and maintaining the final budget file? Is there a forecasting or reforecasting process during the year? Is this used to update the budget? How often is the budget revised during the year? How frequently is a budget-to-actual variance analysis performed? Is this consistent for all departments?