Explain the before an audit processes?, Auditing

? Decide what areas of the company will be audited and the frequency of the audits. Prepare a yearly audit schedule and distribute.
? Make an audit plan. Decide what other audit resources are needed - checklists, other auditors?
? Explain the purpose of the audit - is it to comply with government regulations, quality standards, internal procedures and systems? v Describe the scope of the audit - is it an overview of the area being audited or is it to concentrate on a particular system within the area?
? Hold a meeting with the auditors to discuss the plan, purpose, and scope of the audit.

 

Posted Date: 3/30/2013 6:07:34 AM | Location : United States







Related Discussions:- Explain the before an audit processes?, Assignment Help, Ask Question on Explain the before an audit processes?, Get Answer, Expert's Help, Explain the before an audit processes? Discussions

Write discussion on Explain the before an audit processes?
Your posts are moderated
Related Questions
Types of audits As far we have tended to think in state of the audit of limited companies, and certainly, the emphasis during this text will be on that companies incorporated


Q. What is Withholding Allowance? Withholding Allowance -Every taxpayer is allowed to claim a withholding allowance, which exempts a certain amount of wages from being subject

IAS 40 Investment Properties - Audit Evidence Typical audit evidence might include: Physical verification of the situation and location of the investment property and c

AsList and define five audit procedures for obtaining audit evidence. (ii) Why is it necessary to obtain corroborating evidence for inquiry and observation? (iii) What is the dif

techniques of vouching

Prepayments - Audit Process Prepayments similar to accruals are not mostly checked through the double entry system. This creates them susceptible to mistake. The auditor's pro

Procedures followed in Conducting an Audit Procedures generally followed in conducting an audit by more than one firm of accountants and the division of work between them.

Discontinued Operations - Audit of Accounting Estimates A discontinued operation is a component of an entity that either has been disposed of or is held for sale. So it might

IAS 40 Investment Properties Audit work common to all kinds of land and building will be used to establish ownership, existence and price. IAS 40 requires such companies may a