Sample Audit Guides Available on KnowledgeLeader
This page contains an updated list of the most popular sample audit guides available on KnowledgeLeader. These audit guides are provided in downloadable format so they can be repurposed for use in your organization.
We offer over 110 sample guidelines for auditor's to help manage risk, conduct internal audits and lead an internal audit department. Our audit guides provide internal auditors with a variety of auditing techniques, processes and procedures, audit plans, trainings and more.
Check out some of KnowledgeLeader's most popular audit guide samples below. For a full list of available items, visit our Audit Guides content area
Accounting Guides | Audit Planning Guides | Audit Procedure Guides | Audit Process Guides | Compliance Audit Guides | Internal Audit Guides
|Reducing Manual Effort in the Financial Close and Reporting Cycle Guide|
This financial audit guide explores the common root causes of manual effort in the financial close and reporting cycle, discusses financial reporting and spreadsheets, shares statistics on spreadsheet risk, and provides a perspective on approaching the challenge of reducing manual effort. It lists the key indicators of improvement opportunity and practices that leading companies are using to address the challenges along with questions to consider when looking to improve this process.
|Financial Statement Risk Assessment Approach – Qualitative and Quantitative Considerations Guide|
This guide provides a detailed overview of key steps to the financial statement risk assessment process, which includes prioritizing financial reporting elements, defining processes, linking processes to financial reporting elements, prioritizing processes and finalizing the risk assessment.
The financial statement risk assessment process outlined in this document prioritizes the financial elements and processes for Section 404 of the Sarbanes-Oxley Act of 2002. The prioritization of these items can help an organization define the extent of its process-level documentation and testing efforts.
|Enterprise Risk Assessment Methodology for Internal Audit Plan Development Guide|
This audit guide illustrates how an internal audit department can develop an effective and relevant audit plan by leveraging the enterprise risk assessment process. During this process, it is important to gain an overall understanding of the overall “tone at the top” and its control environment. The following items are integral to this effort: six interrelated factors facilitate linkages and drive the internal audit plan, and periodic (quarterly) recalibration of the internal audit plan to reflect change.
|Work Program Guide: Audit Fieldwork Steps|
This audit guide outlines sample work program fieldwork steps for a typical audit procedure.
The major focus areas include: understanding the audit process, assessing business risk in the process, assessing process performance and control gaps, validating process measures and controls, identifying root causes and solutions to process performance, and developing the audit report. Steps within the “Understand the Process” area include review global best practices, tour audit area, interview management/personnel, draft high-level process map, and update the process map. The “Assess Business Risk” area includes measure and prioritize risks and source and define risks to be audited.
|Work Program Guide: Sample Audit Administration Steps|
This audit guide outlines sample work program administrative steps for a typical audit procedure.
Sample audit steps include: plan and conduct initial planning meeting with project sponsor; prepare and send formal notification memo to all applicable parties; perform additional scoping procedures (analytical procedures, interviews, etc. in the planning stage of the audit) necessary to create a detailed work program; obtain organizational charts, department head counts, transaction volumes, and policies and procedures; prepare and organize workpaper binder to be used throughout the audit; prepare and complete audit program or plan, etc.
|Process Documentation Narrative and Flow Chart Guide|
This sample audit tool outlines documentation techniques to develop an adequate understanding of any processing environment. It also provides a process flow example and guidance on other elements to incorporate.
Documenting understanding of an audit process, related controls, and key roles and responsibilities can be achieved through process narratives and flow charts. Both of these documentation techniques assist internal audit teams and those responsible for the processes with establishing common understanding of a process. Once these documents are confirmed as accurate, they provide a baseline for performing risk analysis, internal controls testing, and implementing process improvements as necessary.
|Process Mapping Guidelines Flowcharting|
This audit guide defines primary symbols and provides specific guidelines for preparing a flowchart.
Sample symbol includes: Activity/process, decision, document, direction of flow, connections, manual input, computer storage, manual filing, on-line activity. The guidelines include: label origins and destinations, number the symbols, use a manual activity symbol before a decision diamond, be certain the “no” comes off to the right and the “yes” flows with the mainstream, attach samples of forms, Level of detail, and label key control points using specific symbols described in the legend. The additional considerations include time per activity, “delay” time, number of activities, number of reviews, etc.
|Process Overview Form: Guide and Example|
This audit tool provides instructions on using a process overview form and includes a blank template and a completed example.
Sample steps include: review/understand the mission and objectives of the departments/functions being reviewed, review/understand major processes within the audit, identify key players responsible for the process, meet individually or in a group with individuals responsible for key processes to define components, explain each section of the form to the auditee.
|Process Evaluation Guide|
This sample audit guide provides an overview of process evaluation and includes an example process description chart.
Sample steps include: complete the heading, list all tasks in detail, and complete the remaining columns. Analyzing process description charts can be extremely valuable because they contain detailed lists of the tasks involved in the processes you wish to improve. The summary portion of the chart is immediately useful as it lists the following measurables: the number and time of operations, transfers, reviews, storage and delays. These measurables should be the primary focus of your analysis.
|Performance Measurement Process Development Guide|
This sample audit tool provides steps for developing a performance measurement process.
The sample steps include: develop a corporate strategy that uses the input of the leadership of the organization, the expectations of the various stakeholder groups and best practices (e.g., maintain customer loyalty through new product development versus lowering prices); communicate the strategy and need for a new performance measurement system (e.g., one-hour company-wide meeting); develop goals (e.g., get products to the market 50 percent faster over the next two years); identify the critical processes; and identify the major process of the organization.
|Facilitating SOX Compliance Using a Committee Structure|
This audit guide discusses the duties, composition, structure and interrelationships of the disclosure committee that needs to be formed to facilitate Sarbanes-Oxley compliance.
Following the release of the Sarbanes-Oxley Act and other new SEC regulations, many organizations created a disclosure committee to oversee the executive certification process on an ongoing basis. The SEC recommended the formation of a disclosure committee with a number of duties in mind. The disclosure committee considers materiality of information, determines disclosure requirements, identifies relevant disclosure issues, and coordinates the development of the appropriate infrastructure.
|SOX Self-Assessment and Self-Testing Instructions|
This audit guide provides instructions to companies performing a self-assessment and self-testing for Sarbanes-Oxley (SOX) compliance.
This guide includes the following sections: Mapping Global Risk Set of Risks and Initial Template Completion for: Self-Testing (for those entities with existing SOX documentation that require self-testing for specific processes) and Self-Assessment (for those entities without any existing SOX documentation); Reporting Results; Project Timeline; Appendix I: Control Attributes; and Appendix II: Testing Instructions.
|Sarbanes-Oxley Section 404 Committees|
This sample audit tool describes the composition, function and operating style of a Sarbanes-Oxley Section 404 compliance steering committee, and the interrelationship between a steering committee and a disclosure committee.
|Internal Audit’s Role in Mergers and Acquisitions|
This sample internal audit guide outlines the role of internal auditors in the mergers and acquisitions (M&A) process.
As boards are taking a more active oversight role in these deals, they will need assistance to evaluate the risks independently and understand if management is providing the appropriate risk management planning and execution for these transactions. The internal audit function should seek to become involved as early as possible in the M&A process and provide value-added assistance by conducting a risk assessment.
|Internal Audit’s Role in Cybersecurity Guide|
This audit guide includes: (1) The definition of cybersecurity, types of threats, methods of penetration and security measures, (2) Internal audit's role in cybersecurity, selecting a control framework, cyber risk identification and assessment, and cyber risk management, and (3) 10 steps internal audit can take as the 3rd line of defense, and (4) How internal audit can contribute to the five key components crucial to cyber preparedness.
|Fraud: Internal Audit's Role in Detection and Prevention|
The objectives of this guide are to raise awareness about internal audit’s responsibilities related to fraud detection and prevention, to help auditors recognize fraud red flags, and to highlight basic fraud audit techniques. In addition to covering a variety of fraud audit topics, this guide also outlines an anti-fraud program based on the three principal lines of defense, wherein the first line includes a code of conduct and business ethics policies, the second line includes an internal control structure, and the third line includes internal audit activities.
|Internal Audit Competency Model and Assessment Guide|
This internal audit guide suggests competency objectives for internal auditors at junior, intermediate and senior levels. The competency model sets expectations about the types and levels of skills that all internal auditors within a department are expected to possess.
The first part of this guide outlines internal audit skills, specialized knowledge, management skills and department development skills, and suggests skill development priorities for different level internal auditors.
The second part of this guide is a self-assessment questionnaire. It allows internal auditors to rate each of their skills on a scale of 1 to 10. The tool helps auditors understand where they should enhance their abilities through training, experience, etc.
|Performance Measures for Internal Audit Guide|
This sample audit tool outlines performance measures for an effective internal audit function.
The steps include: identify and validate the internal audit services customers’/stakeholders’ needs and wants; establish business partner relationships with audit customers as if you had market competition; develop effective communication strategies which impel management and employees to take action; position internal audit as a change agent to improve controls through facilitation and self-assessment; utilize total quality management concepts in improving the audit process; integrate technology into the audit process to improve efficiency and effectiveness; etc.
|Internal Audit and Corporate Governance Structure Guide|
This internal audit guide outlines sample organization structures for internal audit and corporate governance services.
It provides templates for organizational structures, including: global internal audit, global governance council, corporate audit services, corporate audit services stakeholders, and internal audit transformation.