Unless we are conducting an investigative audit, you will be notified in advance that we will be starting an audit in your department, and we will request to set up an entrance meeting. The purpose of the entrance meeting is to explain the audit and the audit process. During the entrance, please ask questions, express your concerns, and make any special requests you might have.
After the entrance meeting, auditors will begin their field work. Fieldwork includes, but is not limited to:
- Formal and informal meetings or discussions with employees in your area
- Walk-through of systems and processes
- Examination of financial documentation
- Evaluation of IT systems used
- Transaction testing
Once fieldwork is complete, we will prepare a draft of all audit observations and recommendations. We will then schedule an exit meeting to discuss these observations with you. Again, during the exit meeting it is important that you communicate concerns and identify errors. If you disagree with an audit observation we will ask you to provide extra information to support your side and will re-perform work if necessary. Following the exit meeting, we will prepare and issue the final audit report (including management responses).