Checklist Internal Audit

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Checklist Internal Audit

Checklist Internal Audit

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Internal Audit Checklist – {{audit_period}}

**Date of Audit:** {{audit_date}}

**Auditor(s):** {{auditor_name}}

**Department/Area Audited:** {{department_name}}

**Audit Period:** {{start_date}} to {{end_date}}

Section 1: Financial Controls

**1.1 Cash Management:**

- Are bank reconciliations performed monthly? (Y/N/NA) {{cash_bank_reco_done}}

- Are all cash disbursements properly authorized and supported by documentation? (Y/N/NA) {{cash_disbursements_authorized}}

- Is petty cash regularly reconciled and replenished according to policy? (Y/N/NA) {{petty_cash_reconciled}}

**1.2 Accounts Receivable:**

- Are customer invoices generated accurately and timely? (Y/N/NA) {{invoices_accurate_timely}}

- Is there a clear process for following up on overdue accounts? (Y/N/NA) {{ar_followup_process}}

- Are credit limits consistently applied and monitored? (Y/N/NA) {{credit_limits_monitored}}

**1.3 Accounts Payable:**

- Are all supplier invoices approved prior to payment? (Y/N/NA) {{ap_invoices_approved}}

- Is there a segregation of duties between invoice processing and payment authorization? (Y/N/NA) {{ap_segregation_of_duties}}

- Are supplier statements reconciled regularly? (Y/N/NA) {{supplier_statements_reco}}

**1.4 Payroll:**

- Is payroll processed accurately and on time? (Y/N/NA) {{payroll_accurate_timely}}

- Are all new hires and terminations properly authorized and documented? (Y/N/NA) {{payroll_hires_terminations_authorized}}

- Are statutory deductions (PAYE, UIF, SDL) correctly calculated and remitted? (Y/N/NA) {{statutory_deductions_correct}}

Section 2: Operational Controls

**2.1 Inventory Management (if applicable):**

- Is there a system for tracking inventory levels? (Y/N/NA) {{inventory_tracking_system}}

- Are regular stock counts performed and reconciled to records? (Y/N/NA) {{stock_counts_reconciled}}

- Are obsolete or slow-moving items identified and managed? (Y/N/NA) {{obsolete_items_managed}}

**2.2 Asset Management:**

- Is there a fixed asset register maintained and regularly updated? (Y/N/NA) {{asset_register_maintained}}

- Are assets physically verified periodically? (Y/N/NA) {{assets_physically_verified}}

**2.3 Data Security and IT Controls:**

- Are critical data backed up regularly? (Y/N/NA) {{data_backed_up}}

- Are access controls to systems and data properly managed? (Y/N/NA) {{access_controls_managed}}

- Is there a disaster recovery plan in place and tested? (Y/N/NA) {{disaster_recovery_plan_tested}}

Section 3: Compliance and Regulatory

**3.1 Legal and Regulatory Adherence:**

- Is the company compliant with all relevant industry regulations? (Y/N/NA) {{regulatory_compliance}}

- Are business licenses and permits current? (Y/N/NA) {{licenses_permits_current}}

**3.2 Tax Compliance:**

- Are all tax filings (e.g., VAT, Income Tax) submitted accurately and on time? (Y/N/NA) {{tax_filings_accurate_timely}}

- Are tax computations reviewed by a qualified professional? (Y/N/NA) {{tax_computations_reviewed}}

Section 4: Human Resources

**4.1 Employee Records:**

- Are employee files complete and up-to-date? (Y/N/NA) {{employee_files_complete}}

- Are confidentiality protocols for employee data enforced? (Y/N/NA) {{employee_data_confidentiality}}

**4.2 Policies and Procedures:**

- Are HR policies communicated to all employees? (Y/N/NA) {{hr_policies_communicated}}

- Are disciplinary and grievance procedures followed consistently? (Y/N/NA) {{disciplinary_grievance_followed}}

Section 5: Summary of Findings and Recommendations

**Overall Assessment:** {{overall_assessment}}

**Key Findings:** {{key_findings}}

**Recommendations for Improvement:**

1. {{recommendation_1}}

2. {{recommendation_2}}

3. {{recommendation_3}}

**Action Plan:**

| Recommendation | Responsible Person | Due Date | Status |

|---|---|---|---|

| {{recommendation_item_1}} | {{responsible_person_1}} | {{due_date_1}} | {{status_1}} |

| {{recommendation_item_2}} | {{responsible_person_2}} | {{due_date_2}} | {{status_2}} |

Signatures

**Auditor Signature:** _________________________ Date: {{auditor_signature_date}}

**Name:** {{auditor_printed_name}}

**Management Representative Signature:** _________________________ Date: {{management_signature_date}}

**Name:** {{management_printed_name}}

**Title:** {{management_title}}