Our Order-to-Bill Audit Work Program is designed to assist in evaluating the integrity and effectiveness of an organization's order-to-bill process. This document meticulously outlines a series of audit objectives aimed at ensuring compliance with corporate policies and the accuracy of order fulfillment, billing and inventory management. It provides a structured approach to verify that orders are filled correctly, invoiced timely, and that internal controls are in place to mitigate risks associated with inaccurate billing and inventory obsolescence.

By detailing specific procedures such as conducting preliminary reviews, compiling risk and control matrices, and performing testing on shipped orders, this work program provides the necessary tools to assess the effectiveness of existing controls. Additionally, it emphasizes the importance of communication between departments, ensuring that discrepancies are identified and addressed promptly. Overall, this audit work program not only aids in identifying weaknesses within the order-to-bill cycle but also fosters a proactive approach to enhancing operational efficiency and financial integrity.

Audit objectives include:

• Update the narrative obtained from the plant controller to reflect any pertinent information that was omitted.
• Compile a list of risks and the related controls within the process in a risk and control matrix.
• Evaluate internal controls for the order-to-bill process to determine any weaknesses.
• Develop testing for any areas where the internal control appears ineffective.