This page contains an updated list of the most popular internal audit program samples that are available on KnowledgeLeader. These audit programs are provided in downloadable format so they can be repurposed for use in your organization.
KnowledgeLeader's sample audit programs provide auditor's a spring board to build an audit plan that helps document what procedures to follow when auditing a business, in order to validate that an organization is in agreement with compliance regulations. Our sample audit programs provide the objectives, scope and timeline of a wide variety of audits. Our samples also include audit steps/procedures and test plans.
We offer over 250 sample audit programs
that offer a wide range of support. Check out some of KnowledgeLeader's most popular audit program samples below. For a full list of available items, visit our Audit Programs content area
Accounts Payable Audit Programs | Compliance Audit Programs | External Audit Programs | Financial Audit Programs | Internal Controls Audit Programs | Process Audit Programs | Safety Audit Programs | Security Audit Programs
|Procurement/Accounts Payable Audit Program|
In this document, three sample audit programs for procurement and accounts payable are provided. These three sample audit programs provide key steps for reviewing the procurement and accounts payable process. Work steps include reviewing current vendor selection and evaluation policies and procedures, interviewing material managers for several of the major groups, adequately documenting and adhering to the bid process, processing purchase orders, accurately recording liabilities, and reviewing early payment discounts.
This document can be used as a general guide to understand and analyze the procurement and accounts payable audit work program.
|Accounts Payable Review Audit Program|
This accounts payable audit program template explains the audit steps that should be followed while evaluating a company’s compliance with corporate policies, procedures and known best practices in relation to accounts payable.
Project work steps include: conduct a planning meeting to discuss scope, approach and timing; determine the appropriate auditee contact; obtain sufficient understanding of the audit area; determine if an internal audit of this area has been done previously; utilize any previous work products for training and development of the current plan; obtain and review the policies and procedures for AP; use self-assessment material to have the auditee evaluate their own control environment.
|Export Compliance Audit Program|
This compliance audit program template focuses internal auditors on the necessary controls that should be in place to ensure a compliant export management system.
Objectives of this compliance audit program template include: obtain an understanding of export compliance policies and procedures; evaluate the adequacy and effectiveness of key internal controls, the export controls compliance process, and compliance with corporate policies and procedures; identify opportunities for internal controls and process improvements; and evaluate the internal control environment against the elements needed for an effective export management strategy as established by the U.S. Department of Commerce, Bureau of Export Administration.
|Software Licensure Compliance Audit Program|
Software licensing activities are often considered a limited area of auditor concern since upgrade events and installations are limited and seemingly simple. However, there is an entry on a financial statement balance sheet representing the recorded value of property, equipment and other durable purchased goods, and the treatment of software should be carefully examined for appropriateness along with security and internal control implications.
This compliance audit program template for software licensure compliance can be modified for scope considerations that depend on the extent and particulars of the licensing agreement included under review.
|Financial Reporting (External) Audit Program|
The purpose of this external audit program template is to evaluate the operating effectiveness of internal controls identified in the external financial reporting process and related subprocesses. It focuses on specific assertions and the related risks and controls selected for testing and details the steps for evaluating the associated controls.
Project work steps include: obtain and review the risk and control documentation created during the Sarbanes–Oxley Section 404 project to gain an understanding of the processes; obtain and review prior internal audit reports, external auditor management letters, and any design issues identified during the Sarbanes–Oxley Section 404 project.
|Bank Financial Reporting Cycle: Control Objectives and Audit Program|
The principal objective of this financial audit program template is to assist department management when analyzing the effectiveness of the internal controls structure over financial reporting for the financial reporting cycle at a bank. The internal controls structure at the cycle level consists of the management control structure (MCS) and the business process controls implemented in the transaction cycle.
This tool suggests an approach to evaluate the MCS within the cycle. The following MCS components are specifically addressed in this tool: assess external and internal risks, establish the control environment, and provide reliable and relevant information/support communication processes.
|Hotel Financial Reporting and Revenue Recognition Audit Work Program|
This financial audit program template provides a comprehensive review of hotel revenue.
Objectives of this audit include: evaluate the reliability of financial reporting and discuss and obtain a general understanding of the current system of internal controls related to the hotel revenue areas; assess the adequacy of hotel revenue procedures under review in accordance with established policies; assess the adequacy of related procedural monitoring, including actions to mitigate revenue area-related risks during exception processing beyond established policies; and develop, as necessary, recommendations to improve key processes, including management of related business risks.
|Procurement Internal Controls Audit Program|
This internal controls audit program template reviews the internal controls in an organization’s procurement process.
Sample questions to consider include: Are purchase orders based on authorized requisitions? Are purchase orders properly coded to identify the cost objective (direct, indirect or inventory)? Are purchase orders serially controlled and accounted for? Is the use of standardized purchase orders required? Are effective numerical document controls or status reports maintained to record the receipt of purchase requisitions? Does the purchasing department maintain specifications for all materials and services used by the contractor? Are requirements combined where appropriate?
|Material Receiving Internal Controls Audit Program|
The purpose of this internal controls audit program template is to provide the general steps used to perform an audit of material receiving internal controls.
Questions asked during the audit steps include: Are limits placed on quantities to be maintained in inventory? Is the receiving function independent of the purchasing, invoice processing and shipping functions? Is incoming material centrally controlled? Are receiving reports signed by an authorized representative, prepared for all material received and a copy furnished to the accounting department? Is the receiving department advised, by copy of the purchase order, of the type of material purchased?
|Budgeting Process Audit Program|
The budgeting process is a systematic management tool to express future operational plans for the allocation of resources toward achieving strategic goals. Practically speaking, the budget is a vehicle for communicating plans throughout the organization orderly. This process audit program template evaluates the overall process for planning and completing budgeting to determine the effectiveness of compliance with corporate policies and procedures and ensure that the budget process is operating as planned.
This document can be used as a general guide to understand and review the budgeting processes.
|Order Management Process Audit Program|
This process audit program template provides key steps for a review of the order management process. Work steps include the identification of the process flow, identification of performance metrics, computer-assisted auditing steps, process audit steps and comparison to known best practices.
Audit objectives include: review and evaluate the adequacy of existing policies and procedures in the order fulfillment cycle; evaluate the internal control environment related to the effectiveness of internal controls and the efficiency of the order process; benchmark the company's order management process with best-known internal control policies and practices for order management; etc.
|Plant Operation Safety Audit Program|
This safety audit program template reviews the safety of plant operations for manufacturing facilities. Specific objectives of the audit program include assessing the plant’s safety environment, ensuring compliance with company and governmental requirements related to safety and verifying that safety issues identified in various audits are addressed.
This document can be used as a general guide to understand and review the plant operations safety audit program. It is important to collect documentation to support the information obtained in this document.
|Health, Safety and Security Audit Program|
One of the aspects of maintaining a productive workplace is making sure that there are effective health, safety and security procedures in place. Effective procedures protect employees, customers, guests and facilities from harm and damage. A regular review of health and safety procedures by the management team to see if any changes need to be made to make the policies more effective is essential.
This internal audit program template accentuates key project execution steps to monitor health, safety and security controls in a company, focusing on understanding the audit area, conducting meetings, HR evaluation processes, etc.
Financial Institution Security Audit Program|
This security audit program template helps to assess the quantity of risk and the effectiveness of the institution’s risk management processes as they relate to the security measures instituted to ensure confidentiality, integrity and availability of information and to instill accountability for actions taken on the institution’s systems.
Project work steps include: evaluate the processes that management uses to define access rights and privileges and determine if they are based on business needs; review processes that assign rights and privileges and ensure that they take into account and provide for adequate segregation of duties; and determine whether access rights are the minimum necessary for business purposes.
|Information Security Audit Program|
This security audit program template is intended to provide an internal audit team with guidance and direction when evaluating information security programs.
Key control areas and objectives include: obtain and review information security policies; determine through interviews with technical personnel the process for identifying security standards; verify that all policies and procedures have been reviewed and approved within the last year; and obtain the information security team’s incident response procedure and verify that it is complete.