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Dear Masoud,
Thank you for your valuable question. In fact I received a similar question not so long ago and I will try my best to answer it in the simplist manner.
On the first part of your question, No, there is no direct relation between an ISO auditor and financial auditing. On the second part of your question however, yes, you might find that during an ISO audit that certain items were not compliant during the audit and therefore require a financial contribution in order to be compliant and eventually achieving ISO certification.
Should this be the situation it will therefore reflect on the financials of the company and the financial auditors will identify this expenses during their audits. Usually companies does not clearly make provision for ISO expenses and can result that the expenses be allocated to a different cost center.
I truly hope that this will shed some light on your question and please feel free to contact me should you require more information.
Yours truly,
Raymond
Hi Masoud Alhelou / Walid Shehab, As Raymond has explained, there is absolutely no relation between ISO auditing and financial auditing.
ISO auditing has to do with auditing your Quality Management system (QMS) or Environmental management system (EMS) or both. The focus of ISO auditing is on having adequate documented procedures and work instructions in place in your organization in the various areas of operations management like purchasing, inventory management, sales, production, maintenance, product design, quality control, safety, environmental management, training and development of human resources and so on as per the requirements of the ISO standards and having continuous improvements and achievement of objectives through compliance to the documented procedures. The aim is to create customer satisfaction through product / service quality, operations efficiency, timely delivery, cost effectiveness, customer communication and customer centricity, after sales service and so on for QMS and having good environmental management for EMS.
In financial auditing, the objective is to ensure that various procedures of the organization aimed at facilitating effective utilization of financial resources are strictly being followed. Are there documented procedures to ensure financial discipline? Are the financial powers delegated by the top management to executives of various levels being effectively used?. Are there inefficiencies, pitfalls in the system that lead to wastage of financial resources? Is there misappropriation of funds? The financial auditor tries to audit the organization and report to the management about such issues.
