"Thorough and meticulous, auditors shine a light on the path to accountability and integrity."
|
Area of Compliance |
Verification Actions (For Auditors) |
Verification Complete |
Auditor's Signature |
|
Initial
System Setup |
1. Verify the system's compliance with audit trail requirements. 2.
Review documentation for system upgrade or new software acquisition. 3.
Inspect the integration of the chosen solution for security and efficiency. |
☐ ☐ ☐ |
|
|
Staff
Training & Awareness |
1. Assess the comprehensiveness of training sessions on secure and
ethical handling of financial data. 2. Verify staff's understanding of the
importance of an uneditable audit trail. 3. Check records of training
attendance and topics covered. |
☐ ☐ ☐ |
|
|
Consolidated
Financial Statements |
1. Check for compliance of all entities involved in consolidated financial
statements. 2. Examine the uniformity of software use across entities for
consistent audit trails. 3. Audit regular compliance checks and review
documentation of findings. |
☐ ☐ ☐ |
|
|
Modifications
& Tampering Handling |
1. Evaluate protocols for modification logging and breach
documentation. 2. Assess the immediacy and appropriateness of corrective
actions for any audit trail tampering. 3. Review regular security measures
effectiveness assessments. |
☐ ☐ ☐ |
|
|
Third-Party
Software Compliance |
1. Confirm third-party software compliance certifications are obtained
and current. 2. Perform compliance audits on third-party systems. 3. Examine
the log of compliance status and any audit findings. |
☐ ☐ ☐ |
|
|
Audit
Trail Preservation |
1. Review the data retention policy for comprehensiveness. 2. Inspect
secure storage and backup solutions for audit trails. 3. Validate
periodically the effectiveness of storage and backup solutions. |
☐ ☐ ☐ |
|
|
Reviewing
Special Transactions |
1. Identify procedures for marking complex transactions for review. 2.
Evaluate detailed transaction reviews, including documentation of findings
and actions taken. 3. Verify processes for escalating and resolving review
issues. |
☐ ☐ ☐ |
|
|
Annual
Compliance Review |
1. Confirm annual audit trail system reviews are scheduled and
executed. 2. Inspect documentation of review findings and corrective actions
taken. 3. Assess adjustments to the audit trail capture and reporting
mechanisms. |
☐ ☐ ☐ |
|
|
General
Data Integrity Practices |
1. Check for regular software updates to ensure the latest security
and compliance features. 2. Verify ongoing staff training on data integrity
and security. 3. Monitor access controls to sensitive data. |
☐ ☐ ☐ |
This structured approach ensures auditors can thoroughly verify each
aspect of audit trail compliance with a clear sequence of actions to follow.
