This auditing report template has 13 pages and is a MS Word file type listed under our finance & accounting documents.
Sample of our auditing report template:
Auditing Report Your business slogan here. Prepared By: [YOUR NAME] [YOUR JOB TITLE] Phone 555.555.5555 Email info@yourbusiness.com www.yourbusiness.com Statement of Confidentiality & Non-Disclosure This document contains proprietary and confidential information. All data submitted to [RECEIVING PARTY] is provided in reliance upon its consent not to use or disclose any information contained herein except in the context of its business dealings with [YOUR COMPANY NAME]. The recipient of this document agrees to inform its present and future employees and partners who view or have access to the document's content of its confidential nature. The recipient agrees to instruct each employee that they must not disclose any information concerning this document to others except to the extent that such matters are generally known to, and are available for use by, the public. The recipient also agrees not to duplicate or distribute or permit others to duplicate or distribute any material contained herein without [YOUR COMPANY NAME]'s express written consent. [YOUR COMPANY NAME] retains all title, ownership and intellectual property rights to the material and trademarks contained herein, including all supporting documentation, files, marketing material, and multimedia. BY ACCEPTANCE OF THIS DOCUMENT, THE RECIPIENT AGREES TO BE BOUND BY THE AFOREMENTIONED STATEMENT. Table of Contents Statement of Confidentiality & Non-Disclosure 2 1. Executive Summary 4 2. Work Undertaken 5 3. Conclusion 9 4. Overall Results and Action Plan 10 Executive Summary The executive summary should provide a breakdown of the auditing report. A first-time reader should comprehend the summary without a detailed review of the entire document. Provide a brief description of what you plan to audit. Ensure that the description highlights the primary goals of the company, including its mission and vision. Acknowledgment This paragraph is optional. However, auditors may include it if they choose to thank those involved in the review. The acknowledgement should show gratitude for their co-operation and assistance. Work Undertaken Objectives Highlight the significant objectives of the document. Note that those objectives should state why the company's financial statements need to be analyzed and free from errors. Scope Clearly state the range of activities and period of records that need an audit examination. The scope of an audit involves legal requirements, entity aspects, proper communication, evaluation, comparisons, and reasonable judgment. Sample Selection Provide details on the sample records or service areas in the detailed assessment. Data Collection Reviewed data in this auditing report was from [Enter start date] to [Enter end date]. All records audited were from [Enter source of audit information and records]. Data Analysis Provide a traffic light system of analysis to grade compliance results. The compliance results of this audit follow the following traffic light grading system: Color code Score Grading 90 - 100% Compliant 80 - 89% Partially Compliant 0 - 79% Non-Compliant N.B: The grading system requires "compliance testing." Compliance testing signifies auditing for adherence to a specific rule, policy, or regulation. With compliance testing, it's easier to test controls relating to regulatory risk. It's typically also the first kind of test performed when reviewing the control environment. Apart from compliance testing, other types of auditing include: Financial audit: Compared to other types of auditing, this is the most common type. The financial audit refers to the systematic analysis of the company's financial reporting to ensure validity of all information and conformity to GAAP (Generally Accepted Accounting Principles) standards. Investigative audit: The investigative audit is stricter and gets commissioned when there's an assumed violation of laws, regulations, or rules. Operational audit: This audit type involves a detailed review of the organization's usage of resources to ensure that all resources are well utilized. Quality Review Provide the name of the auditor as the individual responsible for the quality review. A detailed quality review of the auditing results was handled by [Enter Auditor's Name] to provide assurance on the accuracy of the findings available in this report. Statements of Significant Action Plans Highlight the necessary steps to take to tackle necessary tasks and accomplish the goal(s). [Use the table below] Task Action Plan N.B: The action plan involves all audit findings from the management report, audit report, and information systems (if relevant). Link to National Standards, Trust Policies and Procedures The following national standards, guidance, procedures, and trust policies were reviewed under this auditing report. N.B: In the audit report, highlighting the important trust policies and procedures, and guidance are imperative.
