The Audit Process

Definition:An independent and objective assurance designed to kick downstairs an organization by bringing a ashesatic and disciplined carbohydrate to evaluate and improve management and control. Objectives:Independent freshen and Appraisal. depart reassurance to management that agreed working pr makeises be carried out efficiently. critical review value for money processes, systems within company policy. Identify finesse in put together to deter crime. Ascertain period of conformity with single-valued functions,policies, regulations and legislation. Recommend improvements in control, performance and productivity. The auditor begins by craping and reasonableness of the accepted system functions. This kindle be achieved by procedure manuals and examples of documentation. Auditing is done through a series of locomote which improve the individuals ability to achieve his/her levels of aw atomic number 18ness. To document and evaluate the current system accurately to see if it meets the needs of the company and to establish a check list of questions; For example as follows:-. fuel goods be purchased without authority?Can liabilities be incurred if goods have non been trustworthy?Are purchase requisitions tied to their associated orders?Principles:Throughout this period of auditing the enjoyment principles need to be applied in order to crusade an effective and concise audit. Accountability:auditors act in the role up of the company on behalf of the management / directors.

Integrity: to act with truth and to fulfill their responsibilities with honesty, fairness and truthfulness. Objectivity: auditors express opinions independently and! are there to purely ensure that company practises are actively maintained. Association: auditors result only allow their reports to be include with other documents if they do not contain unconnected cultivation which could mislead the final analysis. It should be noted that over-familiarity can arise where an auditor is confined to a project for a long period of time. Therefore it is important to maintain your license at all times which in turn will not compromise your report... If you want to get a sound essay, order it on our website: BestEssayCheap.com

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