Internal Audit Checklist

An internal audit is a method used across manufacturing, service sectors, and multiple industries to assess whether current performance meets industry and company standards and mitigates any potential risks that might impede reaching company goals.

Conducting the main audit requires more than reviewing documents – auditors must also interview employees and inspect sites, so a checklist is invaluable in this process.

Procedures

Your procedures section of an internal audit checklist focuses on verifying that processes are running as intended, by reviewing records, observing systems in action and speaking with process managers. This will allow you to quickly identify areas which are underperforming while also offering ways to enhance them.

This section of your audit checklist also focuses on employee documentation. This may include pre-hiring documents such as interview notes, resumes, cover letters, educational transcripts and references as well as employment history detailing compliance with legal and tax obligations, promotions, transfers, job changes or layoffs within your company.

These records should include training and certification histories as well as disciplinary records of employees, as they could serve as valuable pieces of evidence should your business ever be sued for negligence. You should also review time and expense reports regularly to make sure they’re being accurately recorded.

Training

Step one in conducting an effective internal audit involves gathering information regarding current company processes. This may involve gathering documents about employee training, communication, and participation in procedures. Furthermore, it evaluates whether key quality characteristics are being met as expected as well as whether procedures have been designed properly.

This part of the process examines training materials, trainer qualifications and performance evaluation, compliance issues, record keeping practices and record retention policies. This evaluation helps ensure that training programs adhere to both industry standards as well as internal policies established by your company. Standards designed to facilitate business with other organizations and ensure continued business operations are simplified, as well as improving corporate governance practices and preparing a company for ISO 9001 certification. Utilizing a training audit checklist makes the review process smooth and orderly, serving as your ally on this journey toward increased training efficacy. It provides structure to approach, ensures all relevant factors are covered, and serves as a safeguard to avoid oversights.

Health and Safety

Companies can take many steps to protect employees, from posting warning signs and training to providing appropriate equipment. Unfortunately, accidents still happen; people are simply humans – so the best way for companies to safeguard employees against harm is with an employee health and safety audit. An audit will assess all systems responsible for creating an unsafe working environment as well as how these compare against legal requirements as well as internal standards.

Even though health and safety audits aren’t mandated by law, failing to conduct them regularly leaves companies open to fines or lawsuits should someone get hurt on site. Audits provide companies with an impetus for making improvements to policies, processes and systems while increasing worker safety on-site – these improvements can be achieved by reviewing areas found during audits as well as comparing standards before and after making recommended modifications.

Quality Planning

Manage a financial audit requires careful and precise examination of company workings. Process Street’s financial audit checklist serves as a useful guide throughout the audit procedure – increasing precision, accuracy, and reliability while improving results.

This measure assesses whether the ANAO’s established system of quality management is meeting its intended goals, using various quality indicators as indicators to report audit quality in reports such as its annual audit inspection report.

Examining whether ANAO allocation policies and processes ensure audit teams possess the skills, capabilities, and capacity needed to complete engagements on time; assesses ANAO effectiveness in communicating priorities to management; quality assurance programs provide opportunities to identify areas of focus while strengthening processes; additionally it measures whether audit results and their implication are communicated effectively by management;