Balance Sheet Review Audit Work Program

This sample audit program ensures that each account on the balance sheet is assigned to someone for reconciliation during the close the books (CTB) process.

Audit objectives include ensuring that CTB controls are in place and effective, cash balances represent all cash and cash items on hand are properly recorded, and the cash balances are properly described and classified and adequate disclosures are made of restricted or committed funds and of cash not subject to immediate withdrawal. This document can be used as a general guide to understand and review these processes.