Audit Templates (Standalone)

I.                   OPERATIONS:
1. Review the previous audits and examinations for any previous findings or recommendations. Have all findings or recommendation been implemented?
2. Obtain the trial balance of all open land trusts. Select sample from the trial balance. (If any problems surface during the examination, select a larger scope to ascertain this is an isolated incidence).
3. Review a sample of existing trusts for compliance with the instruments:
Is the Trust Agreement present?
Is there a recorded deed?
If AFTER 1986, is there an IRS form 501 present?
ABI/Mortgage Present?
Review the document for date opened, date billed, fees paid.
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