Audit Checklist – Financial Management . This checklist is very useful for auditors, with reference to this checklist while auditing auditor assure that he didn’t leave any point while audit.
Item | Document | Yes | No | N/A |
1 | Print out of the Profit and Loss Statement for the 12 months | |||
2 | Print out of the Balance Sheet at year-end | |||
3 | Print out of the Trial Balance at year-end | |||
4 | Bank and Investment statements for the entire 12 months for all bank accounts maintained | |||
5 | Monthly bank reconciliations | |||
6 | Petty cash vouchers and petty cash summary | |||
7 | Schedule of accounts receivable at year-end (aged debtors print out) | |||
8 | Details of any prepayments made during the financial year | |||
9 | Details of stock on hand at the end of the financial year (e.g. stocktake records) as well as details of any stock write-offs during the financial year | |||
10 | Fixed asset register (including details of any assets purchased during the financial year) | |||
11 | Depreciation schedule | |||
12 | Schedule of accounts payable at year-end (aged creditors analysis) | |||
13 | Details of employees, including number of employees at year-end, their salary and details of annual leave and long service leave entitlements | |||
14 | Copies of loan contracts, lease agreements or hire purchase agreements entered into by the organisation | |||
15 | Details of all non-monetary donations and supporting documentation as to their market value | |||
16 | Names of Board/Committee Members and the number of board meetings held during the financial year (including details of board attendance) as well as details of appointment/resignation of Committee Members/Directors during the financial year | |||
17 | Minutes of Meeting of Management Committee/Directors during the financial year | |||
18 | Register of Members | |||
19 | Details of amounts paid to Committee Members/Directors during the financial year | |||
20 | Copies of any resolutions passed during the financial year (including amendments to the Constitution/rules) | |||
21 | Details of any grants received during the financial year (Provide copies of supporting documentation.) | |||
22 | Copies of the gift receipts for significant donations made by donors during the financial year | |||
23 | Copies of each BAS/IAS lodged with the Australian Taxation Office during the financial year showing the amount of GST paid and received as well as PAYG withholding tax | |||
24 | Copies of all PAYG Payment Summaries provided to each employee as well as the annual PAYG Reconciliation Statement showing the gross wages paid to employees during the financial year as well as PAYG withholding tax deducted | |||
25 | Permits for raffles, bingos and art unions | |||
26 | Details of any other legal correspondence relating to the organisation such as legal claims, etc. |