This checklist is designed to ensure that the scope of the audit is clearly defined, covering all necessary areas and compliance requirements for effective auditing.
Define what the audit aims to achieve, including compliance, operational efficiency, and fraud detection.
Establish the boundaries of the audit, specifying which departments, processes, or systems will be included or excluded.
Collect all relevant laws, regulations, and standards applicable to the audit's scope to ensure compliance.
Identify all parties involved or affected by the audit process, including management, employees, and auditors.
Evaluate the resources, including time and personnel, that will be required to conduct the audit within the defined scope.
Create a timeline for the audit process, including key milestones and deadlines for each phase of the audit.
Present the defined scope to stakeholders for feedback and approval to ensure alignment and understanding.
Prepare a formal document that outlines the audit scope, objectives, and boundaries for reference throughout the audit.