Project templates/Audit

Nonprofit audit · December year end

Recurs yearly · 1 open project follows it

TaskPhaseGoes toDueEstimateMilestone
Budget/Eng. Letter/Request ListPlanningSeniorDay 0Senior 1.0 h
Client CommunicationsPlanningSeniorNo dateSenior 1.0 h · Staff 1.0 h
Planning MeetingPlanningSenior managerDay 0Partner 0.5 h · Senior manager 0.5 h · Senior 0.5 h · Staff 0.5 h
Planning/Risk AssessmentPlanningSenior managerDay 3Senior manager 1.0 h · Senior 5.0 h
Internal ControlsPlanningSeniorDay 11Senior 0.5 h · Staff 3.0 h
Board MinutesPlanningSeniorDay 11Senior 1.5 h
WalkthroughsPlanningStaffDay 11Staff 3.0 h
Trial BalancePlanningStaffDay 4Staff 1.5 h
Perm File DevelopmentFirst Year ClientSeniorNo dateSenior 1.0 h
Review Prior Auditor's w/p'sFirst Year ClientSeniorNo dateSenior 2.0 h
Beginning Balance TestingFirst Year ClientSeniorNo dateSenior 2.0 h
CashFieldworkSeniorDay 28Senior 0.5 h · Staff 4.0 h
Cash ConfirmationsFieldworkSeniorDay 28Senior manager 0.5 h · Senior 1.0 h · Staff 3.0 h
Accounts ReceivableFieldworkStaffDay 28Staff 2.0 h
Contributions ReceivableFieldworkSeniorDay 28Senior 0.5 h
Notes ReceivableFieldworkStaffDay 28Staff 0.5 h
InvestmentsFieldworkSeniorDay 28Senior 1.0 h · Staff 4.0 h
InventoryFieldworkSeniorDay 28Senior 1.0 h · Staff 2.0 h
Property, Plant & EquipmentFieldworkSeniorDay 28Senior 2.0 h · Staff 4.0 h
Donated AssetsFieldworkSeniorDay 28Senior 0.5 h · Staff 6.0 h
Prepaid ExpensesFieldworkStaffDay 28Staff 0.5 h
Other Liabilities/AssetsFieldworkStaffDay 28
Accounts PayableFieldworkSeniorDay 28Senior 3.0 h
AccrualsFieldworkStaffDay 28Staff 1.0 h
Long-term DebtFieldworkSeniorDay 28Senior 1.0 h · Staff 4.0 h
Capital LeasesFieldworkStaffDay 28
Lease ObligationsFieldworkSeniorDay 28Senior manager 0.5 h · Senior 1.0 h · Staff 1.0 h
Deferred RevenueFieldworkSeniorDay 28Senior 2.0 h
Other LiabilitiesFieldworkSeniorDay 28Senior 1.0 h · Staff 3.0 h
Net AssetsFieldworkSeniorDay 28Senior 4.0 h · Staff 4.0 h
Designated/Temp Rest. Net AssetsFieldworkSeniorDay 28Senior 0.5 h · Staff 1.0 h
EndowmentsFieldworkStaffDay 28Staff 0.5 h
Revenue testingFieldworkStaffDay 28Staff 0.5 h
Income And ExpensesFieldworkSeniorDay 28Senior 0.5 h · Staff 2.0 h
Functional AllocationFieldworkStaffDay 28Staff 1.0 h
Related PartiesFieldworkStaffDay 28Staff 0.5 h
Subsequent EventsFieldworkStaffDay 28Staff 0.5 h
Journal Entry testingFieldworkSeniorDay 28Senior 0.5 h · Staff 2.0 h
Manager SupervisionFieldworkSeniorDay 28Senior manager 0.5 h · Senior 4.0 h
TravelFieldworkSeniorDay 28
Senior confirms fieldwork completeFieldworkSeniorDay 28End of Fieldwork
Report Preparation/Disclosure ChecklistWrap UpSenior14 days after Senior confirms fieldwork completeSenior manager 1.0 h · Senior 6.0 h
Final Analytics and CorrespondenceWrap UpSenior14 days after Senior confirms fieldwork completeSenior 2.0 h
Final Audit ProgramsWrap UpSenior14 days after Senior confirms fieldwork completeSenior 2.0 h · Staff 2.0 h
In-Charge/Tech ReviewWrap UpSenior manager14 days after Senior confirms fieldwork completeSenior manager 4.0 hWrap-Up Complete
Detail ReviewReviewReviewer14 days after In-Charge/Tech ReviewReviewer 2.0 h
Address Review NotesReviewSenior14 days after In-Charge/Tech ReviewSenior 1.5 h
Clear Review NotesReviewReviewer14 days after In-Charge/Tech ReviewReviewer 0.5 h
Tech ReviewReviewTech review14 days after In-Charge/Tech ReviewTech review 1.0 hTech review complete
Partner ReviewReviewPartner14 days after In-Charge/Tech ReviewPartner 1.0 hPartner review complete
Corrections & Final ProofReviewSenior14 days after In-Charge/Tech ReviewSenior 1.0 h
Send Draft MRL to ClientReviewSenior manager14 days after In-Charge/Tech ReviewDraft sent to Client
Receive Signed MRLReviewSenior managerNo dateMRL Received
Process ReportProcessingAdministration1 day after Receive Signed MRL
Processing CheckProcessingAdministration1 day after Receive Signed MRL
Partner SignatureProcessingPartner1 day after Receive Signed MRL
Verify Client PaymentProcessingAdministration1 day after Receive Signed MRL
Deliver ReportProcessingAdministration1 day after Receive Signed MRLClient Delivery
Ready Binder for FinalizationFinalize BinderStaff45 days after Deliver Report
Confirm Notes are Cleared and Sign-Offs CompletedFinalize BinderSenior45 days after Deliver Report
Sr. Manager Confirmation of Binder FinalizationFinalize BinderSenior manager45 days after Deliver Report
Finalize and Roll Binder ForwardFinalize BinderAdministration60 days after Deliver ReportBinder Finalized
Out of Scope: Work not part of original audit, additional leases, accounts, etc.Additional BillingSeniorNo date
Over Budget: redo workpapers, wrong support given, client delaysAdditional BillingSeniorNo date

A task after another has no date until that task is done. A task goes to the person who holds its role on the project, or to whoever holds its phase. The estimate is shown to administrators only and does not change the budget.