Types of Services Provided
- Financial Audits (e.g., PricewaterhouseCoopers (PwC) Year-End Audit)
- Compliance Audits (e.g., NCAA, A-133, etc.)
- Construction Audits
- Information Technology Audits
- Operations Reviews and Consulting
- Cost Recovery
- Fraud Investigations
- Management Requests
Summary of the Audit Process
Planning
- Review of prior year workpapers (if applicable)
- Gain an understanding of key controls in place and business activities by working with the operating unit's staff
- Meet with auditee to discuss scope of audit
Fieldwork
- Document the process by utilizing narratives and flow diagrams
- Tests of internal controls
- Substantive tests
- Communicate potential issues and findings to the auditee throughout fieldwork
Completion
- Prepare a draft report of findings and recommendations
- Review the draft report with the auditee
- Issue a final report with management's response and action plan included