Audit Services Department

Sarbanes Oxley Audit Program

Audit Objectives:

1) Determine that internal controls support the production and maintenance of

financial statements and corresponding documentation.
2) Determine that any weakness or non-compliance are documented and
reported to management.
3) Determine that financial statements and support are maintained according to
a retention schedule.
4) Determine that there is a reasonable amount of detail to support the
financial statements.

A) Audit Planning W/P Ref.

1) Determine audit scope.

2) Determine auditee contacts.
3) Obtain applicable policies and procedures. Review backround
information on Sarbanes.
4) Interview managers to determine how the financial
statements are produced and identify control points.

B) Audit Steps:

1) Review financial records and determine that receipts and expenditures are
made in accordance with policy and procedure.

2) Determine that supporting documentation to the financial accounts and

statements are retained on file.

3) Ensure that financial statements are audited by an independent firm.

4) Ensure that reconcilements are performed to confirm the accuracy of the

financial accounts.

5) Determine that any differences detected in the reconcilement process are

adequately explained and documented.

6) Ensure that any control weakness are documented and reported to

management.
7) Discuss the retention schedule with management to determine adequacy.