Budget Cycle Audit

Conduct a comprehensive review of the budget process within your organization and ensure all income and expenditure was adequately planned, controlled, and monitored.

Template Contents

Audit

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Budget Cycle Audit in the Workiva Platform

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.

The content provided on this website does not, and is not intended to, constitute legal, accounting, tax, investment, compliance, or other professional advice and services; instead, all information, content, and materials available on this site are for general informational purposes only. The content on this posting is provided "as is;" no representations are made that the content is error-free or up to date.

Compatible Solutions

To use this item, your organization needs to have purchased one of the following solutions.

Audit Management

Created By

Support and Documentation

Last updated 07/15/2021 ()

Frequently Asked Questions

Can I make changes to the template; e.g., add or remove sections or procedures?

Yes, the template is fully editable.

Is the template available in the SOX/Controls Management workspace?

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

Can I access other audit templates beyond those listed in the "Audit from template" listing?

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.