TopicFinancial audit checklist excel.
PostedSat, Feb 29th 2020 12:33 PM
A checklist is a list of items or tasks that you "check off" as you complete each item/task on the list. Checklists are everywhere and are an integral part of most activities - both personal and business. In our own daily lives, we make checklists for organizing, planning (birthday party), prioritizing (bills to pay), shopping (grocery list), and so forth. Business is no different; checklists are essential to an effective, efficient, and profitable operation.
General List, this is any of the above lists with a space for a check mark, initials, or additional information. As tasks or items are addressed, the line is checked or initialed as being done. Examples include (1) an inventory checklist might be a listing of inventory items to be counted. As each item in the list is counted, the count is written next to the listed item; (2) a bill of lading from a trucker would be a checklist itemizing all the items being delivered. As each item is received, counted and inspected, the item on the list is checked off; (3) a procedure checklist is a listing of steps/tasks to take to complete an operation (such as a sales order). The use of a checklist ensures accuracy, accountability, completeness, and efficiency.