Everything You Need To Know About Auditing

Posted by Chrish George on August 14th, 2019

Auditing can be defined to be the on site verification activity by the means of examination or inspection of a either a process or a corresponding system which checks back the compliance to suit the requirements. If you are a student pursuing related courses in Auditing need to understand every specific detail about the subject or are required to be dealt with complex assignments. Students have the option to opt for Auditing assignment help services if they come across any academic related queries.

Different Types of Auditing

Audit is a systematic and documented process for finding out various evidences and evaluate it to determine the specific criteria are fulfilled. There are three different types of auditing, which are given down below:

  • Product Audit - It relates to examination of a specific product or service to whether it conforms to the requirements or not.
  • Process Audit - The corresponding type of audit helps to verify specific processes that corresponds to working within the established limits. As per the online assignment help experts, process audit checks three important components:
  • Requirements related to time, accuracy, pressure, composition, temperature, and many more.
  • Resources which handles different set of inputs such as equipments, materials, people, etc.
  • Adequacy which relates to process controls such as procedures, work instructions, training specifications, flowcharts, etc.
  • System Audit - It is particular type of audit that relates to documented activity which are performed to verify the objective evidence of a particular system.

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Phases Of An Audit

An audit goes through four different phases in order to take the effective action. These phases are explained below:

  • Preparation of Audit - The corresponding work done by the auditor, client or audit program manager to compile everything that is set as per the client. An audit is prepared with the decision to conduct an audit.
  • Audit Performance - It is often termed as fieldwork which covers collecting the information about the audit in a specified time period. To solve your queries, you can always contact Auditing assignment help experts who are available 24x7.
  • Audit Reporting - Audit report fulfils the aim of communicating the results of the investigation that has been carried out. The report provides an accurate and a clear data that can be helpful to an organisation’s process or products.
  • Audit Follow-up and Closure - An audit is completed if all the related processes are done.

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Chrish George

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Chrish George
Joined: June 14th, 2019
Articles Posted: 17

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