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How to involve people in audit?
Ans) Use audits as opportunities to train others. Ask for a volunteer (who is not an auditor) to walk by the audit process with you as an assistant. This will give others with a better understanding of what audits are and why they are essential.
Invite all the auditees to the closing meeting. Having been an auditee, we know it helps to hear audit findings first hand, the positive as well as the negative. Involving people makes a feeling that everybody is a vital contributor to the goal of the company - compliance.
Develop a list of tasks the auditor should perform in planning this audit engagement, before any audit testing begins. Ans: It is in the interest of both client and auditor t
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In order for auditor to perform audit as per GAAS, only programming independence is required from the audit client. Ans: Yes I agree with the statement as: Programming independe
Requirements of the Companies Act Here the seventh schedule to the Companies Act gives the matters which must be expressly stated in the AUDITOR'S REPORT 1. Where they have
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What is business risk and what controls should organizations have in place? Business Risk and Controls Business or operational risks related to the activities carried out
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