| Phase | Assigned role | Starts | Runs | Tasks |
|---|---|---|---|---|
| Planning | Senior manager | Day 0 | 12 days | Budget/Eng. Letter/Request List · Client Communications · Planning Meeting · Planning/Risk Assessment · Internal Controls · Board Minutes · Walkthroughs · Trial Balance |
| First Year Client | Senior | Day 12 | 5 days | Perm File Development · Review Prior Auditor's w/p's · Beginning Balance Testing |
| Fieldwork | Senior | Day 14 | 15 days | Cash · Cash Confirmations · Accounts Receivable · Contributions Receivable · Notes Receivable · Investments · Inventory · Property, Plant & Equipment · Donated Assets · Prepaid Expenses · Other Liabilities/Assets · Accounts Payable · Accruals · Long-term Debt · Capital Leases · Lease Obligations · Deferred Revenue · Other Liabilities · Net Assets · Designated/Temp Rest. Net Assets · Endowments · Revenue testing · Income And Expenses · Functional Allocation · Related Parties · Subsequent Events · Journal Entry testing · Manager Supervision · Travel · Senior confirms fieldwork complete |
| Wrap Up | Senior | Day 29 | 14 days | Report Preparation/Disclosure Checklist · Final Analytics and Correspondence · Final Audit Programs · In-Charge/Tech Review |
| Review | Senior manager | Day 43 | 14 days | Detail Review · Address Review Notes · Clear Review Notes · Tech Review · Partner Review · Corrections & Final Proof · Send Draft MRL to Client · Receive Signed MRL |
| Processing | Administration | Day 57 | 5 days | Process Report · Processing Check · Partner Signature · Verify Client Payment · Deliver Report |
| Finalize Binder | Senior | Day 62 | 5 days | Ready Binder for Finalization · Confirm Notes are Cleared and Sign-Offs Completed · Sr. Manager Confirmation of Binder Finalization · Finalize and Roll Binder Forward |
| Additional Billing | Senior | Day 0 | 67 days | Out of Scope: Work not part of original audit, additional leases, accounts, etc. · Over Budget: redo workpapers, wrong support given, client delays |
Day 0 is the day the project opens. A phase names the role that carries it; the person follows from who on the project holds that role.
