Standard Operating Procedures

Create Standard Operating Procedures for the following:

1. Audit Process: This SOP explains the guidelines for preparing and conducting internal and external audits, including audit planning, fieldwork, and reporting.

2. Financial Reporting: explains the requirements for preparing and distributing financial reports to stakeholders, including balance sheets, income statements, and cash flow statements.

3. Internal Controls: establishes guidelines for maintaining strong internal controls to prevent fraud, errors, and financial misstatements.

4. Record Keeping: outlines the requirements for maintaining accurate and organized financial records, including documentation and retention guidelines.

and provide the important supporting attachments and Forms, e.g. financial statements, …

Try to put it in 1 SOP if not possible only 2 SOPs.

Please make sure that you follow the International Accounting Standard and mention it in the resources.