{"id":16421,"date":"2018-11-13T17:21:43","date_gmt":"2018-11-13T06:21:43","guid":{"rendered":"https:\/\/creately.com\/blog\/?p=16421"},"modified":"2023-01-05T18:49:25","modified_gmt":"2023-01-05T07:49:25","slug":"how-to-audit-a-company","status":"publish","type":"post","link":"https:\/\/creately.com\/blog\/strategy-and-planning\/how-to-audit-a-company\/","title":{"rendered":"6 Diagram Types to Accelerate Your Audit Process"},"content":{"rendered":"
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An audit lets you assess the effectiveness of an organization’s internal functions. The audit process involves examining accounting and financial records, assessing employee performance and many other tasks. Without proper preparation or a strategy,  handling the audit process may become difficult.<\/p>\n

In this post, we will look at how to audit a company using several diagram types or visual techniques that will help to simplify and accelerate your internal and external audit processes.<\/p>\n

How to Audit a Company with the Help of Diagrams<\/h3>\n

Org Chart to Illustrate Job Roles and Functions<\/h4>\n

In both internal and external audit processes, organizational charts<\/a> play the role of illustrating the relationships between employees and who is accountable for each function\/ process.<\/p>\n

It helps auditors assess whether the company has the necessary personnel with the skills to carry out the duties and to check if the work is delegated properly.<\/p>\n

Org charts<\/a> can also be helpful in putting together a competent audit team, highlighting their responsibilities or delegating tasks among them. It can be shared among them so they can refer to it whenever they want.<\/p>\n

\"Org<\/a>

Org Chart for Company Audit<\/a> (Click on the template to edit it online)<\/p><\/div>\n

Mind Map to Identify Areas that Need Auditing<\/h4>\n

One of the initial steps of an audit process is identifying areas that might need auditing<\/a>. These can be distinguished by referring audits done in the past.<\/p>\n

Details you gather, areas you need to assess and everything else you need to be aware of when planning an audit can be neatly organized with a mind map. You can refer to this map even when you are planning your audit strategy.<\/p>\n

Following is an example of such a map. You can edit it to customize it to your needs.<\/p>\n

\"Mind<\/a>

Mind Map for Company Audit Planning<\/a> (Click on the template to edit it online)<\/p><\/div>\n

Knowledge Map to Organize the Needed Documents<\/h4>\n

An audit requires checking documents such as bank statements, organizational charts, committee minutes, previous audit reports etc. If you already have digital versions of them, you can create a knowledge map (a mind map that carries links to other documents, sites, resources etc.) which will allow you to store all necessary documents in one place.<\/p>\n

When it\u2019s time to refer to the documents, auditors can refer to the knowledge map. That way it\u2019s easier for the audit team, whether they are from your company or from an outside one.<\/p>\n