Financial Analysis Audit Work Program

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In this work program sample, we provide general best-practice steps for the financial analysis audit process.

Sample procedures include: obtain the monthly P&L (budget to actual) report for location, review monthly and year-to-date (YTD) comparisons of actual and budgeted results, obtain an explanation from the financial controller for any significant variances from the budget, obtain the monthly plant operations status report and review all metrics reported, discuss the process used to develop/analyze the status report and any issues or unexplained information included in the report with the plant controller, and determine who reviews and signs off on month-end/quarter-end reconciliations.

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