Internal Audit Process

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. ConceptDraw DIAGRAM diagramming and vector drawing software extended with Audit Flowcharts solution from the Finance and Accounting area perfectly suits for the Internal Audit Process. You can make sure this right now!

Auditing Process. Audit Planning Process

Auditing Process, Audit Planning Process - The audit is complex process of independent examination of data, statements, operations, financial performances of an enterprise for a stated purpose. The auditing process consists of defined quantity of audit steps. Planning is fundamental stage of auditing process. The carefully thought-out audit planning process ensures the success of the business project.

Audit Procedures

Audit procedures are the specific tests and methods that auditor executes when gathering the evidence which are necessary for making an opinion on the financial statements of the firm. There are three types of audit procedures: data selection, reliability validation, relevance confirmation. Thanks to the extensive drawing tools which provides the Audit Flowcharts solution from the Finance and Accounting area of ConceptDraw Solution Park, you can easy and effectively develop and realize various audit procedures.

Design elements - Audit flowchart

The vector stencils library "Audit flowcharts" contains 31 symbols of audit flow chart diagrams for accounting, financial management, fiscal information tracking, money management, decision flowcharts, and financial inventories.
"A financial audit, or more accurately, an audit of financial statements, is the verification of the financial statements of a legal entity, with a view to express an audit opinion. The audit opinion is intended to provide reasonable assurance, but not absolute assurance, that the financial statements are presented fairly, in all material respects, and/ or give a true and fair view in accordance with the financial reporting framework. The purpose of an audit is to provide an objective independent examination of the financial statements, which increases the value and credibility of the financial statements produced by management, thus increase user confidence in the financial statement, reduce investor risk and consequently reduce the cost of capital of the preparer of the financial statements. ...
Financial audits are typically performed by firms of practicing accountants who are experts in financial reporting. The financial audit is one of many assurance functions provided by accounting firms. Many organizations separately employ or hire internal auditors, who do not attest to financial reports but focus mainly on the internal controls of the organization. External auditors may choose to place limited reliance on the work of internal auditors. Auditing promotes transparency and accuracy in the financial disclosures made by an organization, therefore would likely to reduce of such corporations to conceal unscrupulous dealings.
Internationally, the International Standards on Auditing (ISA) issued by the International Auditing and Assurance Standards Board (IAASB) is considered as the benchmark for audit process. Almost all jurisdictions require auditors to follow the ISA or a local variation of the ISA." [Financial audit. Wikipedia]
The example "Design elements - Audit flowchart" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Audit Flowcharts solution from the Finance and Accounting area of ConceptDraw Solution Park.

Audit flowchart symbols

Used Solutions

Finance and Accounting >

Audit Flowcharts

Business Processes

Business Process solution extends ConceptDraw DIAGRAM software with business process diagrams as cross-functional flowcharts, workflows, process charts, IDEF0, timelines, calendars, Gantt charts, business process modeling, audit and opportunity flowcharts.

Think and act effectively

Many people who use mind mapping software for personal organizing find ConceptDraw MINDMAP sufficiently useful mind mapping tool in their business and daily life. Especially many positive responses receive ConceptDraw MINDMAP as cross platform tool to mind maps for Macintosh and Windows.

Business Process Modeling Notation

ConceptDraw DIAGRAM is a software for simplу depicting the business processes based on BPMN 2.0. Business Process Diagrams Cross-Functional-Flowcharts, Workflows, Process Charts, IDEF0 and IDEF2, Timeline, Calendars, Gantt Charts, Business Process Modeling, Audit and Opportunity Flowcharts and Mind Maps (presentations, meeting agendas).

Create Response Charts

Visual navigation through the stages of a response process helps you locate specific actions to be taken via Action Mind Maps. Use ConceptDraw DIAGRAM and ConceptDraw MINDMAP for organize the process of response for interactions occurring in social media.

Business Graphics Software

ConceptDraw DIAGRAM is a business graphics software that allows you improve your business using Sales Performance Dashboard helps you analyze your data more efficiently.

Pyramid Chart Examples

Pyramid Charts and Triangle Diagrams are used to visually structure the topics and progressively order the quantitative data. They allow to illustrate hierarchical structure of the topics, proportional, interconnected and containment relations among the topics. The multilevel Pyramids and Triangle diagrams are constructed oriented up or down and divided into several horizontal slices. They are effectively used to represent marketing strategies, social strategies, information systems, market value, etc., to illustrate presentations, websites, documents, reports in business, finances, sales, management, marketing, media, training, consulting, and many other fields. To maximize the efficiency in drawing the Pyramid Charts, use the ConceptDraw DIAGRAM diagramming and vector drawing software extended with Pyramid Diagrams solution from Marketing area, which contains the set of Pyramid Chart examples, samples, templates and vector design elements of triangular diagrams and pyramids with different quantity of levels for various needs.

How to Create a Pyramid Diagram

ConceptDraw Pyramid Diagram software allows drawing column charts using predesigned objects or drawing tools. In ConceptDraw Pyramid Diagram software you can find a complete set of column chart tools and objects.

PM Presentations

The PM Presentations solution extends the power of ConceptDraw MINDMAP , ConceptDraw DIAGRAM , and ConceptDraw PROJECT, improving their efficiency at many stages of the project management process by using the same source data to construct the targeted presentation for your audience and clearly communicating the appropriate information to different audiences from a single source. It gives an ability to project managers and other team participants to create and to deliver capacious presentations representing the data and knowledge of a specific project with the help of including visual dashboards, Gantt charts, resource views, maps, timelines, calendars, illustrations, project diagrams and reports of varied types. Having the possibility to edit collaboratively in a Full-Screen Mode, the teams can rapidly plan a project as well as execute the tasks of revising and making changes to it.

PM Response

The PM Response solution extends the functional abilities in project management for all three ConceptDraw products by helping to improve the response time to project changes, to plan on how to effectively respond on issues and events impacting the project. It supplies the project managers, team leaders, and all other project participants with wide abilities of iteration planning, creative collaboration, effective decision-making, discussions of the project layout approaches and solving the project challenges, lets them use mind mapping technique for iteration planning and applying the project changes, to represent the projects data as Mind Maps and use them to construct the clear plans, to convert project maps to project implementations, to use different kinds of Visual diagrams to solve the current project problems and to make correct decisions, to plan resources usage and to respond to changes in the project environment.

PM Planning

The PM Planning solution extends the functional abilities of ConceptDraw MINDMAP and ConceptDraw PROJECT software, allowing to automatically create the spreadsheets reflecting the tasks and project statuses for people who have different project roles. The reporting capabilities of this solution are represented by the possibility to generate a wide range of project reports that allow the project managers, senior management and other project participants to be informed on a project daily progress and monthly objectives: All Inclusive Report, All Visible Columns, Milestones with Notes and Objectives, Projects Goals, Projects Managers, Project Team, and Top Level Tasks. The PM Planning solution from ConceptDraw Solution Park is a strong project management and productivity tool which simplifies the process of reporting and lets one create a document with the desired report, includes the predesigned examples, extends and improves the planning capabilities for all team members, improves the project communication, helps to accurately plan, maintain, and finish projects on time, to track the work of project resources, to perform the analytical work and to make effective decisions.

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