Financial Planning and Budgets is a comprehensive reference guide designed to help experienced audit managers and internal auditors plan, organize, perform, and report on the financial planning and budgeting processes. It discusses identifying key risks in the external or internal business environment of an organization and how they should be mitigated, avoided, or controlled.
The authors outline:
- Audit fundamentals
- Guidance, laws, and regulations
- Approval processes
- Top-down and bottom-up processes
- Monitoring the financial planning and budgeting processes
- Relationship to incentive programs
In each section of the book, the overall process is explained. There is also discussion regarding the risks involved, internal control procedures, and test steps. Readers can refer to this book and configure their programs according to their specific needs by industry, external environment, company internal organization, guidelines, and control environment.
The book includes an audit checklist and useful information such as web addresses. There is also an online toolkit useful for checking or updating existing audit programs. The toolkit can be quickly and easily downloaded online.
Also available as an E-book
Also available as a Downloadable PDF
Item Number: 10.1158