Meet COSO guidelines and build confidence in your internal controls over financial reporting.
The procedures for reviewing the design and effectiveness of Internal Controls over Financial Reporting (ICFR) as governed by the COSO model are all in one place with this template from AuditNet®. The COSO model spans the control environment, risk assessment processes, dissemination of information and communication, and monitoring of the controls by management. For each of the COSO sections, the template contains detailed test steps, as well as proposed attributes your audit team can leverage.
- 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
COSO Testing is the property of AuditNet®.
Workiva disclaims all warranties as to the accuracy, completeness or adequacy of information contained in the AuditNet® COSO Testing, 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.
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.
Can I share the template outside of the Workiva solution?
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