ANNUAL AUDIT CHECKLIST/WORKSHEET

Audit year:
(Audit is performed in the first quarter)

Items to be addressed:

1. Verification of signatures and endorsements on checks.
2. Reconcile the final bank statement to the checkbook.

a. Beginning Checkbook Balance:	01-01-__	__________
b. Ending Checkbook Balance:	12-31-__	__________
c. Bank Balance			__________
d. Outstanding Deposits		+	__________
e. Outstanding Checks		-	__________
f. Outstanding WC withdrawals		-	__________
g. Formula: {c + d - e - f = b}		__________

3. Match a random selection of receipts to disbursements. 
4. Verify the WC AIP account, money market, CD and savings accounts. Check the posting of income or loss.

Beginning Balance	__________	__________	__________	__________
Ending Balance	__________	__________	__________	__________
Income of <Loss>	__________	__________	__________	__________

5. Verify a random selection of offering envelopes to weekly/monthly journal entries. Look at least one week per quarter.
6. Match total weekly/monthly contribution to the deposit slip to the bank statement.
7. Verify World Church contributions to bank statement debits by the World Church.
8. Verify a selection of budget items to actual expenses to those line items.

Total Proposed Budget _______________
Total Year’s Expenses ________________

If there is a line item that is over budget, check to see if there is a satisfactory explanation for the disbursements.

9. Review the congregational conference minutes to make sure the wishes of the congregation have been honored in the budget.

 

Signature(s): ________________________  _________________________ Date: __________

Auditors must decide on a reasonable number of items to verify. Every entry does not need verification.