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What is the process for conducting internal audits?

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Question added by Deleted user
Date Posted: 2015/03/16
Waris Khan
by Waris Khan , MANAGER COMMUNITY FINANCE , BIHAR RURAL LIVELIHOOD PROMOTION SOCIETY

The Process are basically below :

1) Engagement2) Audit Plan3) Communication of the audit Plan4) Start of Audit.5) Infact before start we must have the company last period data and all relevent information.6) Test of Internal Controls7) determining the degree of test of details after considering the accuracy of internal control.8) discussion with management and TCWG (Those Charged with governance) regarding all development of audit.

9) Informing TCWG regarding any kind of fraudulent activity.10) Giving audit reports11) There could be more .....I will write later ...

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

Agreed with the answer Mr. Waris Khan

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