Financial audit statement of work and project specifications

¶ … contracted for herein shall consist of the auditing of the company's financial records, ascertaining the location of any discrepancies and bringing them to the attention of project leaders. Careful analysis of transactions, profits, and expenditures will take place on site, using the paper files and computer software already in place with the company.

Location of Work

The work, including all private endeavors and group meetings, shall take pace at the company's central office with the equipment and information provided there for the express purpose of this work. No materials, equipment, or information is to be removed or transmitted away from this office for any purpose, nor is this work to be conducted off site.

Period of Performance

The work shall last no longer than three weeks, with forty hours of work taking place in each of the first two weeks and possibly longer hours in the third week, if necessary and as needed. The project must not take any longer than three calendar weeks.

Deliverable Schedule

Updates regarding completed files and departments will take place on a daily basis. Significant progress will be expected daily as determined by project leaders, with goals for subsequent days set at the prior day's meeting. Consistent progress is necessary to keep to the specified time frame.

Acceptance Criteria

Consistently accurate and efficient results as determined via the daily progress meetings will be required. Established practices and standards of organization and clarity of presentation and professionalism in demeanor and performance will also be necessary criteria.

The scope of the project is perhaps the most important part of the statement of work, as it describes what the work will entail. Specification of procedures for the audit are an essential part of the statement. Location is also highly important, especially the provisions prohibiting work and information from leaving he premises as the financial documents are highly sensitive. The period is subject to some change and variation, depending on what the audit turns up; this is why the wording of this section deliberately lays out a vague timeline within certain parameters. The deliverable schedule and applicable standards are in keeping with general practices, as are the acceptance criteria.