Accounts Receivable & Credit Internal Audit Work Program – Segregation of Duties

Accounts receivable and credit processing can introduce significant risks to an organization. Internal audit teams can utilize this sample work program to focus on segregation of duties and general control concerns within an organization's accounts receivable and credit processes. Project work steps include: discuss function and engagement expectations with accounts receivable (AR) and credit managers; communicate timing and information requests; and discuss the goals and objectives of the audit, including the reporting process, expectations for findings handling, and the anticipated process for audit administration.