Business Studies, asked by kiranchinna1709, 7 months ago

auditing in conducted on behalf of the​

Answers

Answered by asmitnigam
0

Answer:

plz ask understandable questions

Answered by Qwmumbai
0

Audit is conducted on behalf of the owners of the company Investigation.

  • Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements
  • An audit can apply to an entire organization or might be specific to a function, process, or production step.
  • The form, content and time of submission of audit reports shall be decided by the Comptroller and Auditor General.
  • Each audit office and auditable entity shall maintain proper record relating to audit observations and recommendations with a view to monitor action taken and maintain follow-up.
  • Audit shall be responsible for the opinions formed, or the conclusions reached, or the recommendations made in its report on the basis of the work of the external agency or expert.
  • A first-party audit is an internal audit conducted by auditors who are employed by the organization being audited but who have no vested interest in the audit results of the area being audited.

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