How to Create an Audit Flowchart

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Posted by James Freeman |

Part 1: What is Audit Diagram?

Audits are an evaluation of a company's financial reports and reporting processes. They are normally carried out by external financial experts. Much like flowcharts, audit diagrams are used to illustrate each step an auditor must go through when evaluating a company's finances.

An auditor's findings may have financial and legal consequences for a company. Thus, audit diagrams must be extremely detailed and accurate. They break down all of the necessary components of an audit and highlight what an auditor must examine throughout the auditing process to ensure that no stone is unturned. Additionally, it allows those within the company to understand what an audit entails, and also what steps they should take to avoid falling foul of the criteria.

Part 2: How to Make Audit Diagram?

Step 1: Start EdrawMax.

Step 2: Navigate to [New]>[Flowchart]>[Audit Diagram]

Audit Diagram step 1

Step 3: Select one audit diagram template to edit on it or click the [+] sign to start from scratch.

Audit Diagram step 2

Step 4: You can export the file to Graphics, PDF, editable MS Office file, SVG and Visio vsdx file.

export and save

Step 5: And you can share your diagram with others via social media and web page.

Audit Diagram step 3

Watch this video to learn more. If the video doesn't play, please visit it at YouTube.

Part 3: Audit Diagram Examples

Example 1: Audit Flowchart Template

Audit diagrams document and analyze processes such as financial transactions and inventory management. An annual audit means a certified audit of the licensee’s records of internal control performed by a certified public accountant following generally accepted accounting principles.

Audit Flowchart Template

Example 2: Project Management Process

Audit flowcharts provide a way to understand the project management process that takes ahead the forward solution. The audit flowcharts sample demonstrates the flow of a project management audit process and increases the company’s efficiency.

Project Management Process

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