This sample audit work program outlines the process in which internal audit reviews compliance with the company’s procedures regarding the creation, posting and retention of journal entries. To accomplish this, the key control points will be identified and used as the basis for testing. A sample of manual journal entries will be obtained for each selected location, ensuring that appropriate coverage is achieved by selecting entries across multiple months, monetary ranges, booking personnel, approving personnel and account code types.

Internal audit will compare the process with best practices and present findings and recommendations to make the journal entry process more efficient.