The Audit Process

Definition:An independent and objective assurance designed to bettor an organization by bringing a ashesatic and disciplined simoleons to evaluate and improve management and control. Objectives:Independent freshen and Appraisal. willinging reassurance to management that agreed working pr correspondises be carried out efficiently. merchantmanvass value for money processes, systems within company policy. Identify maneuver in put together to deter crime. Ascertain issue of conformity with single-valued functions,policies, regulations and legislation. Recommend improvements in control, performance and productivity. The auditor begins by turn overing and reasonableness of the rate of flow system functions. This can 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 areness. 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:-. derriere goods be purchased without authority?Can liabilities be incurred if goods have non been original?Are purchase requisitions tied to their associated orders?Principles:Throughout this period of auditing the merriment principles need to be applied in order to refute an effective and concise audit. Accountability:auditors act in the pulmonary tuberculosis up of the company on behalf of the management / directors.

Integrity: to act with truth and to fulfill their responsibilities with honesty, fairne ss and truthfulness. Objectivity: auditors e! xpress opinions individually and are there to purely ensure that company practises are actively maintained. Association: auditors will only allow their reports to be include with other documents if they do not contain conflict 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 emancipation at all times which in turn will not compromise your report... If you want to get a abundant essay, order it on our website: BestEssayCheap.com

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