Description
Description: This toolkit is designed to help you review and document internal controls so you are ready when auditors ask how your processes actually work. It walks you through building a simple internal control register that lists key controls over revenue, purchasing, payroll, and financial reporting. You will learn how to describe each control clearly, including who performs it, how often, and what evidence it leaves behind. Testing templates guide you in performing sample checks so you can verify whether controls are operating as designed. The toolkit includes examples of segregation-of-duties issues and how to document compensating controls. You will receive guidance on how to record control deficiencies in a neutral, factual way. Scoring grids help you prioritize which controls need immediate remediation before an audit begins. Illustrative control narratives show the level of detail auditors typically expect in walkthroughs. You will also learn how to compile your control documentation into a format that is easy for auditors to review. By using this toolkit, you can enter the audit with a clearer picture of your control environment and fewer surprises. Format: Editable spreadsheets, control register templates, testing workpapers, example narratives, and PDF guidance notes. Duration: Self-paced; most users can complete an initial assessment in 1–2 weeks depending on organization size. What You’ll Learn: How to identify key internal controls, document them clearly, test their operation, and prepare evidence for auditors. Target Audience: Controllers, internal accountants, internal auditors, and small-business finance teams preparing for external audit.
