Business Audit Checklist

BUSINESS AUDIT CHECKLIST

Client Name:     Auditor/Firm:

WHEREAS

WHEREAS, Client Name: operates a business engaged in commercial activities and seeks an independent audit of specified business areas; and

WHEREAS, Auditor/Firm: represents that it has the qualifications and experience necessary to perform the audit services described below;

NOW, THEREFORE, Client and Auditor agree that Auditor will perform the audit tasks described herein and the parties will be bound by the terms set forth in this document.

SCOPE OF WORK

PAYMENT TERMS

Total Fee:    Payment Schedule:

Late Fee: . Unless otherwise agreed in writing, overdue amounts accrue interest at the stated late fee and the Auditor may suspend services until payment is current.

TERM AND TERMINATION

Commencement Date:    Completion/End Date:

Termination: Either party may terminate this engagement upon providing written notice to the other party no less than prior to the effective termination date. Termination shall not relieve Client of payment for services rendered or expenses incurred prior to the effective date of termination.

CONFIDENTIALITY

Auditor shall keep confidential all non-public information obtained from Client in connection with the engagement and shall not disclose such information except (a) as required by law, (b) with Client's prior written consent, or (c) to Auditor's employees and subcontractors on a need-to-know basis and subject to confidentiality obligations at least as protective as those herein. Client acknowledges that Auditor may use aggregated, de-identified findings for internal quality assurance purposes provided no Client-identifying information is disclosed.

Acknowledgement of Confidentiality: Auditor and Client acknowledge and agree to the confidentiality obligations above.

GOVERNING LAW

This Agreement and any dispute arising out of or relating to it shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws principles.

ENTIRE AGREEMENT

This document constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, proposals, negotiations, and communications, whether written or oral. Any modification or waiver must be in writing and signed by both parties.

AUDIT CHECKLIST

Use the checkboxes to record review status. For each section, provide dates reviewed, responsible person, and concise findings in the notes field.

1. CORPORATE RECORDS

Articles of Incorporation on file:    Bylaws/Operating Agreement reviewed:

2. FINANCIAL STATEMENTS

Balance sheet accuracy verified:    Revenue recognition procedures reviewed:

3. TAX COMPLIANCE

Returns filed timely for recent three years:    Payroll tax deposits reviewed:

4. INTERNAL CONTROLS

Segregation of duties adequate:    Access controls for cash and bank accounts:

5. IT & DATA SECURITY

Backup and recovery procedures documented:    Encryption of sensitive data:

6. OPERATIONS & COMPLIANCE

Regulatory licenses current:    Environmental/industry compliance reviewed:

7. HUMAN RESOURCES

Employee records maintained:    Payroll procedures compliant:

8. CONTRACTS & AGREEMENTS

Material contracts reviewed:    Insurance coverage adequate:

9. RISK MANAGEMENT & RECOMMENDATIONS

FINAL FINDINGS SUMMARY

DELIVERABLES AND TIMING

Final report delivery timeline:

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