Audit mean internal and External check. But a good Auditor, believe on Audit Process. He must have some kind of Audit Plan before joining the Organization. Let See to day am going to share how to make an Audit Checklist. This will help you to find the internal and External control during your Audit. Auditor is not investigator he is a person who guide how to improve the system. You are not to select the error to devalue someone work. Keep in mind you primary goal is to facilitate the organization to make their system more smooth and Productive. Let see what is new for your in this episode.
Top 10 Best Strategies before you Start Audit - Check List
1. Identify the Business Value , Production value, Output , Staff Strength, Internal Control system and the Ultimate goal of the Organization.
2. Now start focus on Financial examination. The Quality of work , this will help you where they need your suggestion (Observation) for a best Audit report.
3. You are auditor but Remember there are always unknown factors that drag you off the track. So be carefully to write Observation.
4. During your Observation , involve the Organization people, try to speak with Administrator , Accountant and all concerned
5. Check the Budgets and Financial Statements of Organization
6. Check the Accounting Process , Accounting Standards, Transaction and Documentation.
7. Focus on Organization Sale and Cost elements to get more productive outcomes
8. Check the Expenses , Approval Process, Organization SOP's according to the Policy they have
9. Check Human Resource, Separation of Duties, Right Person Right job Policy is it ther ....
10.Check the Organization Policy , Bylawas, SOP's , Meeting Minutes to get correct idea of their work.
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