ABSTRACT
Check sheets are one of the most common tools used by internal auditors, even though it is rarely called by that name. Check sheets are a structured form used to collect and analyze data, often obtained real time or tabulated from previous sources. Check sheets make it easier to count and track the number of instances of an attribute examined during an engagement, like transaction testing. To prepare a check sheet: identify and document the criteria that will be used during the evaluation of the transactions chosen, decide what event, condition, or problem will be examined and documented and record on the check sheet the results of the examination. Internal auditors can use check sheets to quantify the number of defects by type, location, or cause during testing. By including critical attributes for each transaction in the design of the check sheet, internal auditors can identify the source or root cause of problems identified.
