Method Three of Three:
Conducting an Internal Accounting Audit
1
Employ industry-accepted audit practices. Good audit practices should serve as your initial guide for conducting your internal accounting audit. Using a business accounting software program, a tax attorney, or an accountant is the best way to ensure that your internal accounting audit is in line with generally accepted accounting practices.[14]
The General Accepted Auditing Standards (GAAS) are the most common auditing standards used to audit private companies. Consider the GAAS policies when commencing your internal accounting audit.
GAAS are the basic rules and standards that are used when doing an audit. While these typically are used by professional auditors, consulting these basic principles can provide a helpful guideline for your own personal audit.