The Internal Audit Form is an essential document used by organizations operating in the United States to maintain consistent and compliant audit practices. This document is designed to be used whenever conducting internal audits, whether routine or special-purpose, and ensures compliance with US regulatory requirements including SOX, FDICIA, and other applicable federal regulations. The form incorporates all necessary elements for documenting the audit process from planning through completion, including risk assessment, control testing, findings documentation, and recommendation tracking. It is structured to meet the requirements of both publicly traded and private companies, while allowing for customization based on specific industry requirements and organizational needs. The Internal Audit Form serves as a formal record of audit activities and supports the organization's governance and control framework.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Audit Information: Basic details including audit ID, date, department/process being audited, and audit team members
2. Audit Scope and Objectives: Clear statement of the audit's purpose, scope, limitations, and specific objectives to be achieved
3. Risk Assessment: Evaluation of key risks identified in the audit area and their potential impact
4. Control Environment Assessment: Evaluation of existing internal controls and their effectiveness
5. Testing Procedures: Description of audit procedures performed, including sampling methods and testing criteria
6. Findings and Observations: Detailed description of audit findings, including both positive observations and identified deficiencies
7. Recommendations: Specific recommendations for addressing identified issues and improving controls
8. Management Response: Space for management's response to findings and proposed corrective actions
9. Follow-up Actions: Timeline and responsibility assignments for implementing recommendations
10. Sign-off Section: Signatures from auditor, reviewer, and relevant stakeholders with dates
1. Executive Summary: High-level overview of key findings and conclusions, typically included for complex or high-risk audits
2. Previous Audit Issues: Review of previous audit findings and status of corrective actions, included when follow-up is required
3. Compliance Assessment: Specific section for regulatory compliance evaluation, included when audit focuses on compliance matters
4. IT Systems Review: Detailed assessment of IT controls and systems, included when technology is a significant component of the audit
5. Financial Impact Analysis: Quantitative analysis of findings' financial impact, included for audits with significant financial implications
6. Process Flowcharts: Visual representations of processes under review, included for complex operational audits
7. Interview Summaries: Documentation of key interviews conducted, included when significant information was gathered through interviews
1. Schedule A - Test Results: Detailed results of all testing procedures performed during the audit
2. Schedule B - Supporting Documentation: Key documents, evidence, and records examined during the audit
3. Schedule C - Control Matrix: Comprehensive matrix of risks, controls, and testing results
4. Schedule D - Sample Selection Details: Documentation of sampling methodology and selected items
5. Appendix 1 - Audit Program: Detailed audit program showing planned procedures and completion status
6. Appendix 2 - Risk Assessment Matrix: Detailed risk assessment calculations and matrices
7. Appendix 3 - Reference Documents: Relevant policies, procedures, and standards referenced during the audit
8. Appendix 4 - Action Plan Template: Template for tracking implementation of recommendations
Find the exact document you need
Audit Management Letter
A U.S.-compliant formal communication from auditors to management detailing audit findings, control deficiencies, and recommendations.
Download
Internal Audit Form
A US-compliant Internal Audit Form template for documenting audit procedures, findings, and recommendations in accordance with federal regulations and professional standards.
Download
Audit Letter
A standardized U.S. legal document used by auditors to request information from a client's legal counsel regarding material litigation and legal matters affecting financial statements.
Download
Audit Form
A standardized U.S.-compliant audit form for systematic evaluation of organizational operations, finances, and compliance status.
Download
Confirmation Letter Form
A U.S.-governed formal document used to confirm and record business arrangements, agreements, or understandings between parties.
Download
Balance Confirmation Letter
A U.S.-compliant formal document used to verify account balances between financial institutions and account holders, typically for audit purposes.
Download
Audit Confirmation Letter
A U.S.-compliant formal document used by auditors to obtain third-party verification of client information during the audit process.
Download
Cash Verification In Bank Audit
A U.S. regulatory-compliant document recording the verification of physical cash holdings during bank audits.
Download
Cash Count Audit Report
A US-compliant document recording and verifying cash counts in business operations, meeting federal audit requirements.
Download
łŇ±đ˛Ôľ±±đ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; łŇ±đ˛Ôľ±±đ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it