|Financial Planning and Budgets offers practical advice and suggestions for auditing the financial planning and budgeting processes.|
This new publication provides a view of the background or management processes, key risks, internal controls, and audit procedures. Authors Cornelia Odermatt and Thomas Flüeler created a comprehensive reference guide that includes checklists, risk grids, and useful information such as web addresses for further understanding. The book will help experienced audit managers and auditors to plan, organize, perform, and report on the financial planning and budgeting processes.
The text outlines the auditable entity, risks, approval process, top-down and bottom-up processes, financial planning, budgeting, relationship to incentive programs, technology, and monitoring of the financial planning and budgeting processes. It explains the overall process in each section and discusses the risks involved, internal control procedures, and test steps.
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