This document provides practical guidance for preparing for audits and for managing through the process, as well as useful references and links to industry guidance on the part of the Consumer Financial Protection Bureau (CFPB), the Federal Financial Institutions Examination Council (FFIEC), the American Institute of CPAs (AICPA), and the Institute of Internal Auditors (IIA).

Table of Contents:

There are nine sections in the Audit Fundamentals Policy Manual:

  • Introduction
  • Accountability and Monitoring
  • Staff and Training
  • The Audit Process
  • Types of Audits
  • Audit Preparedness
  • Working with Auditors
  • Managing the Audit
  • Resources



The policy features the following benefits:

  • Supports strong operational practices and preparedness
  • Explains roles and responsibilities
  • Explains what to expect and how to work with auditors
  • Provides practical guidance for managing the audit process from within
  • Features an audit tracking spreadsheet as an optional tool

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Policy Manual

Audit Fundamentals Policy Manual From AllRegs