--%>
Assignment Help - homework help

Whats come after audit

What to do after the audit?

E

Expert

Verified

i) Conduct an auditors meeting to converse the closing meeting content.

ii) Conduct a closing meeting with all auditees engaged with the audit. First, point out what was completed well. Second, address the nonconformance’s and makes sure the auditees comprehend the nonconformances and what division of the standard is not met.

iii) Issue the audit report in a timely way.

iv) Promote auditees to decide on the counteractive actions. Allowing auditees to have input will give them ownership in executing changes.

v) Aid those responsible for completing the counteractive actions with setting reasonable deadlines. The counteractive action deadlines might differ depending on the severity of the noncompliance.

vi) Be accessible and willing to aid the auditees.

vii) Ask for pointer on how you and your audit team were perceived - regulate your approach if essential.

   Related Questions in Auditing

  • Q : Operating versus Non-Operating Revenue

    Distinguish between Operating versus Non-Operating Revenue?

    		•
  • Q : Marketing audit for goods and service

    Marketing audit for goods and service industry: This basic concept of marketing audit applies to both material goods and service industry. The marketing audit is a powerful tool with banking industry throughout world. Banking world to

    		•
  • Q : Explain Audit Controls Audit Controls :

    Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however a

    		•
  • Q : Bradmark From the case description and

    From the case description and the associated flowcharts, assess Bradmark’s internal controls over its expenditure cycle procedures.

    		•
  • Q : Calculate the internal control audit

    Tell me that how we can calculate the internal control audit?

    		•
  • Q : Define Revenue Define Revenue in terms

    Define Revenue in terms of Accountancy in brief?

    		•
  • Q : Portfolio manager uses a T-bond futures

    1. A portfolio manager uses a T-bond futures contract to hedge a bond portfolio over the next 4 months. The portfolio is worth $75 million and will have duration of 5 years in four months. The futures price is 118 and each contract is for $200,000. There are three bon

    		•
  • Q : Audit A term usually referring to a

      A term usually referring to a financial audit is a set of procedures performed by accountants from a certified public accountant (CPA) firm. The procedures are designed to investigate and verify the accounting information that manage- ment puts in financial report. When the audit i

    		•
  • Q : Auditing i juz need answer of question

    i juz need answer of question 13 14 15 16... m uploading assignment having 16 questions i have done until 12... m gona upload solution as well

    		•
  • Q : What are Operational Audits Operational

    Operational Audits: It is a review of how an organization's management and its operating events are functioning with respect to their efficacy and efficiency in meeting stated objectives. For illustration, a business might execute an operational audit

    		•