Financial Auditor Question:
Tell me the steps before an audit processes?
Answer:
☛ Ensure the authority of the audit team is established- it will enhance the co-operation from the auditees
☛ Decide which areas of the company will be audited and the frequency of the audits. Prepare as yearly audit schedule and distribute
☛ Determine the purpose of the audit whether it complies with government regulations, quality standards, internal procedures and systems
☛ Organize a meeting with the auditors to discuss plan, scope and purpose of the audit
☛ Read the documents you are auditing against.
☛ Decide which areas of the company will be audited and the frequency of the audits. Prepare as yearly audit schedule and distribute
☛ Determine the purpose of the audit whether it complies with government regulations, quality standards, internal procedures and systems
☛ Organize a meeting with the auditors to discuss plan, scope and purpose of the audit
☛ Read the documents you are auditing against.