ENACTUS TRAININGENACTUS TRAINING

AuditingAuditing

Developed by D Caspersz & D Bejr, 2013

Auditing in enactus

3 parts:• Team Engagement – how many active members,

how many recruits• Team Operational Review – financial records,

Faculty Advisor involvement, team sructure• Project Audit (includes a site visit) – review of

project inputs, outputs and outcomes

Self-Auditing

• Should be done regularly!• Can be done by team or by third party• Prepares for audit by Enactus Australia• Benefits team by seeing if meeting goals,

providing credibility to future recruits• Create an Audit Strategy

For more information on self-auditing, see page 37 of the 2013 Enactus Team Handbook

Auditing by enactus Australia

• Once a year• National Champion, Final Four + four randomly

chosen teams are audited• Told in advance of time and place to be

conducted

What To Prepare For An Audit

• Team’s financial records• Current Active Team Sheet • Current Team Data Sheet • Team Bio• Annual Report used at the

National Conference• Audio-visual Presentation

used at the National Conference Project /Action

Plan documents, including any agreements with beneficiaries

• Other project tracking and evaluation tools

• Other team organizational tools (hierarchy chart, tracking tool for hours invested, etc.)

Have people available to talk to answer questions – Faculty Advisor, Executive Council, Project Managers and others

What Might You Be Asked To Explain?

• Explain any element of your team’s operation and details of the projects, especially those reported in your annual report and via presentation at the competition

• Explain the operation of your project plan (relevance, need, how target audience was chosen, showcase evaluation

• tools, frequency and mode of communication; in-person versus

virtual/email/phone trainings, etc.).• Provide all applicable documentation

that may support your project outcomes.

• Identify project plan errors (shortfalls) and/or new opportunities, including future plans.

• Explain internal administrative processes (practices and procedures, etc.)

• • Remember that the

Have people available to talk to answer questions – Faculty Advisor, Executive Council, Project Managers etc

If Audited, Remember…

• To be courteous, professional and collaborative• Penalties apply for teams that fail the audit • Self-audit regularly, and create an audit strategy• Have a positive mindset and attitude• Learn and apply feedback given