Manuals | March 22, 2005
Checklist for an Internal Audit
This checklist provides structured guidance to facilitate assessment of operations at a microfinance institution (MFI). Intended especially for new internal auditors, but also useful to experienced staff as a reminder of of important systems and procedures to review. The checklist is not intended to replace an MFI's own internal audit analysis. Instead, it should be adapted by its users to fit their specific processes, and updated regularly.
CONTENTS
Building and Premises
Safe
Cash Records
Appearance
Fixed Assets
Office Supplies
Operations Manual
General Ledger, Vouchers and Payments
Loan Disbursement
Loan Reimbursement
Monitoring Revenue and Income
Accrued Interest Receivable and Client Loan Records
Staff Discipline, Morale, Resignation and Training
Payroll
Sick and Annual Leave Records
Medical Coverage
Operational Weaknesses
Expenses
Frauds and Forgeries
Other Observations
Check on Major Balance Sheet Headings (table)
Important Ratios (table)