Our Financial Analysis Audit Work Program is designed to ensure the accuracy and compliance of an organization's financial reporting and operational metrics. This tool emphasizes the importance of reviewing monthly P&L reports, comparing budgeted figures with actual results and investigating significant variances. It outlines the procedures for obtaining explanations from the financial controller and understanding the forecasting process. Additionally, it includes steps for assessing the monthly plant operations status report, ensuring that all reported metrics are accurate and reflective of the plant's operational status. 

This document also delves into the review of general ledger balances, specifying the need to identify key accounts for reconciliation, determine responsibilities for these reconciliations, and verify their timeliness and accuracy. It highlights the importance of researching and resolving reconciled differences, supporting account balances with appropriate documentation and reviewing month-end closing processes. The program also covers interim period adjustments, the review of accruals and policies for writing off aged reconciling items. Overall, it provides a framework for conducting a financial analysis audit, ensuring each aspect of financial reporting is scrutinized to uphold the integrity and accuracy of financial data within the organization. 

Audit steps include: 

• Obtain the monthly plant operations status report and review all metrics reported. 
• Review the month-end closing processes/procedures. 
• Determine who is responsible for each of the account reconciliations.  
• Understand the process for reviewing the cost center reports.