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5.1. Accounting Procedures Manual
5.1. An accounting procedures manual enhances management’s efforts to:
Monitor performance against established procedures
Help ensure policies and procedures are consistently applied
Improve efficiency in training employees during periods of transition
Update procedural changes by reorganization or the implementation of a new information system
How we can help
Strategic Audit Techniques Incorporated recognizes the challenge faced by companies in allocating limited resources to develop an Accounting Procedures Manual. In response, we have created a service that allows an organization to outsource this task. We assist in updating or compiling new documentation of the sequence and details of key accounting function procedures.
Strategic Audit Techniques Incorporated uses a systematic process for documenting procedures.
This process includes:
Creating a topic outline for key procedures
Interviewing staff in key functional areas
Conducting a walk-through to validate interview information
Observing users performing key procedures
For each activity, we record:
The position responsible for the activity
The review process and the position responsible for sign-off
Required inputs for the procedure
The exception handling process
After documenting the workflow and key activities for each process, Strategic Audit Techniques Incorporated develops a key reference manual. The manual includes narratives, matrix tables to clarify interconnected activities, and flow charts for selected procedures.
Supporting exhibits may include sample documents, a master calendar of critical deadlines etc. You also receive an electronic copy of the manual, which provides a mechanism for you to update procedures on an ongoing.