This checklist of common business process controls can be used in many ways:
- It can be used during the audit planning phase to guide the creation of internal audit work programs.
- It can be used during reviews as a checklist that will help you to quickly assess the types of internal controls being employed within a particular process.
- It can be made into a self-assessment checklist and distributed to the auditee prior to the review to ask them, "Is this internal control in place and operating in your department?" This gives the auditee an opportunity to inform internal audit about controls that have been employed and it also gives the auditee ideas about other controls that may be appropriate for this particular process.
- It can be used as a training tool to educate new internal auditors about processes and their relevant controls.
View Checklist here: https://docs.google.com/document/d/1uvl-0exHf-OnWBCUy0TZ1zaeNVnvPbIkxAASWgbDPrg/edit?usp=sharing
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