The audit checklist assists auditors in conducting a thorough, systematic and consistent audit. Outline the benefits of audit check lists in view of above statement.

The benefits of the audit checklists are as under: Promote planning for the audit. Ensure a consistent audit approach. Act as a sampling plan and time manager. Serve as a memory aid. Provide a repository for notes collected during the audit process (audit field notes) Audit checklists provide assistance to the audit process. Auditors need to be trained in the use of a particular checklist and be shown how to use it to obtain maximum information by using good questioning techniques. Checklists assist an auditor to perform better during the audit process. Checklists help to ensure that the audit is conducted in a systematic and comprehensive manner and adequate evidence is obtained. Checklists provide the structure and continuity to the audit and ensure that the audit scope is being followed. Checklists provide a means of communication and a place to record data for use for future reference. A completed checklist provides objective evidence that the audit was performed. A checklist provides a record. Checklists can be used as an information base for planning future audits. Checklists can be provided to the auditee ahead of the onsite audit.