The board of directors of Tetra Pak Inc recently decided that, in order to comply with the principles established by GAAP, it is in the company's best interests to hire external auditors to conduct an audit annual check. The purpose of this audit is to obtain an impartial examination and evaluation of all company financial and supply chain documents for the preceding year. This will provide internal and external stakeholders with a complete and unbiased view of the company's financials. This audit will be conducted annually by the selected accounting firm and will focus on both financial and inventory records. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The scope of the Tetra Pak audit will primarily focus on all financial aspects of the company. This will include all accounting, accounts payable, accounts receivable and inventory portions of our financial records. Additionally, the audit shall include a sub-count of our supply chain inventory to ensure that internal inventory counts match the financial numbers shown in our accounting documents. Other Tetra Pak affiliated companies such as Alfa Laval will not be included in the scope of the audit. The closing date for all financial and inventory records of the company for 2015 is January 4, 2016. We will therefore need approximately one week to ensure that all records are entered into the system before external review begins by the company. selected accounting firm. Therefore, the period for which we expect the audit will be conducted will be two weeks starting from the third week of January 2016, starting on the 18th and ending by the 29th of January. If audit delays occur that will result in additional time being required to complete the audit, additional costs associated with this time will need to be contractually and approved by management prior to January 29th. The company selected for the audit The external audit will perform the majority of the work at Tetra Pak Inc's headquarters in Vernon Hills, IL. All financial documents reviewed by your chosen company must remain within the confines of the Tetra Pak facility. Any documents or records that must be hidden from view must be approved in advance by management. Upon completion of the audit, officials from Tetra Pak and the accounting firm will meet at a predetermined, undisclosed location to discuss the audit findings and conclusions. As part of the external audit, the chosen firm will be responsible for evaluating all aspects of the audit activities that contribute to our financial results. Below is a list of items that will need to be covered by the audit: Review of financial statements Review of payables for the previous year Review of accounts receivable for the previous year Inventory records for the previous year A statement of work is a document that is often used in various forms of project management to define specific tasks related to a project, deliverables, as well as associated timelines for each deliverable. Ultimately the document constitutes a contractual obligation between the seller and the customer. In this case we were procuring a company to conduct an audit for our chosen company. For my statement of work I chose to use 5 different sections including; the introduction, scope of work, period of execution, location of execution and work requirements of the project. These are the five most basic sections used to define a project on one.