An audit runs in a fixed order, and so does the module. Here is what happens at each stage — what George prepares, and what stays with you. Where the accounting module is on, the file reads straight from the ledger.
Seven stages, in the order an audit actually runs. Each one names what happens inside it, what George is allowed to touch, and whether it works in the product today.
Engagement · Planning · Risk · Execution · Review · Close-out · Reporting
Stage 1 of 7
Before any work, the ground rules.
Stage 2 of 7
Last year's thinking, carried forward.
Stage 3 of 7
The rating decides how hard you look.
Stage 4 of 7
George does the work, and shows it.
Prepared by
George · 14 Mar, 09:42
Reviewed by
Awaiting your review
Stage 5 of 7
Nothing is accepted until you accept it.
Stage 6 of 7
The file will not close while anything is open.
Stage 7 of 7
Every figure, back to the procedure that produced it.
Inside an engagement
The workflow board is where the engagement actually lives. Every procedure carries its status, who is responsible, the risk that drove it, the evidence behind it and who still has to review it.
Ordit enterprise · 05 · Audit Workflow
Day one
Nothing has been prepared, uploaded or signed off yet. Initiation comes first — client acceptance, independence and the engagement letter — and George only begins once that is signed off. On a first-year audit there is no prior year to roll forward, and the product says that too rather than showing an empty rollover.
Ordit enterprise · engagement initiation, first-year audit
The preparation log
This is one workpaper. George works, explains what he found, and stops when he cannot conclude. The senior instructs him, he continues, she edits and approves. Nine months later the file still shows exactly who did which part.
Ordit enterprise · 07 · Procedure Workbench
Where the line sits
Recorded against his name, always reviewable.
Recorded against your name. Never delegated.
The accounting module posts to the same ledger this audit file reads from.