Credit Limits Audit Work Program
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The general best-practice steps included in this work program sample can be used by organizations looking to audit credit limits.
Sample steps include: verify that credit limits are properly approved; discuss the nature and scope of the audit with key ABC personnel; discuss timing with key management; schedule timing with the auditee; finalize the audit program; schedule staffing as appropriate; create summary scorecards for each process reviewed; using the standard report template, create the internal audit report (including a compilation of findings resulting from the work performed); and publish the final report and distribute it.