Budget Cycle Audit

Conduct a comprehensive review of the budget process within the organization and ensure all income and expenditure was adequately planned, controlled, and monitored.
Template Contents
Audit
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A budget process template that's as flexible as you need it to be.

Allow audit teams to initiate and execute an audit of the budget cycle conducted in their organization using this template.

The template contains comprehensive audit procedures teams can follow to cover the full budget cycle process, spanning the following areas: 

  • Establishment of departmental budgets based on income and expenditures related to the department/function 
  • Existence, and adherence to, a budget control framework
  • Review and approval of budgets by management 
  • Oversight over budgets at enterprise level and link to financial reporting and governance

This is a dynamic template and can be modified to suit user scope and process.

Key Features
  • Defined audit procedures
  • Prepopulated audit test steps for each identified audit procedure
  • Ability to track progress for each procedure
  • Dynamic format with the ability to add or remove procedures

Budget Cycle Audit is the property of AuditNet®. 

Workiva disclaims all warranties as to the accuracy, completeness or adequacy of information contained in the AuditNet® Budget Cycle Audit Template, or for interpretations thereof. Workiva accepts no liability or responsibility to the user for the selection of materials from the AuditNet® content or for reliance by any user or reader of such information.

Compatible Solutions
To use this item, your organization needs to have purchased one of the following solutions.
Audit Management
Support and Documentation
Last updated 07/15/2021 (Release Notes)

Frequently Asked Questions

Yes, the template is fully editable.

No, this template is only available for the Audit workspace. We are working on generating SOX/Controls Management templates.

Yes, you can access additional audit templates from AuditNet. Please click on the following page for details: https://support.workiva.com/hc/en-us/articles/360042140452-Create-an-audit-from-a-template, or reach out to your Customer Success Manager for assistance.

Yes, the template can be downloaded as an .xlsx document and shared. Please click on the following link for more details: https://support.workiva.com/hc/en-us/articles/360042140452-Create-an-audit-from-a-template

Fit for Purpose Solutions
Audit Management
Manage complex audit fieldwork and workpapers with unparalleled ease.