Question

What auditors/monitors look for during the audit process?

Answer 1

The auditor look for during the audit process is follows -

An audit is a formal check of financial accounts of an individual, business or organization. An internal audit is conducted by members of the same organization or business, and an external audit may be conducted by a regulatory agency or governmental agency...


The audit process step by step -

There are six specific steps in the audit process that should be followed to ensure a successful audit.

1 Requesting Documents.
2 Preparing an Audit Plan.
3 Scheduling an Open Meeting.
4 Conducting Fieldwork.
5 Drafting a Report.
6 Setting Up a Closing Meeting.


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