What is the audit administration?

Audit is a formal control process of independent third party. The audit administration refers to the overall process or system used to identify the scope of the audit, assign the relevant resources, create an audit check list, and check all the evidence collection documentation. The most common type of audit is the financial audit, during which the details of financial transactions are examined and verified in terms of accuracy and completeness. The audit can be performed in any process or system where the process or policy is established. Real transactions or data are compared to the policy to determine the level of compliance.

The audit management process is the primary responsibility of the head of the auditor or the audit manager. He is assigned to a person or an internal department that has been selected for an audit. In many organizations, older auditors meet regularly to check the upcoming projects and auditing orders and determine how WBUD's work is divided.

Senior Auditor meets withBy the client, he checks his goals and creates the scope of the audit. This document clearly identifies the bug areas, the expected timeframe, a high level allocation, and the required approach. For example, in a financial audit, the scope is limited to financial transactions that are included or affect the financial statements. Compliance with health and safety is usually excluded.

The next phase of the audit administration is to review the work that must be completed, timeliness, contradictory tasks and availability of employees. In most cases, there is an audit of technicians and one or two auditors who will report directly to the senior auditor. He or she creates an audit plan and assigns different tasks to employees at the appropriate levels.

Audit control list is a tool for audit management created as part of an audit. This document is managed by the auditor's head and updated because they are assigned, triggered, completed, kout checked and completed. The size of the control list may vary depending on the audit range, but usually a minimum of 25 items must be completed.

The central part of the audit administration is processes management. Once each item is completed in the audit check list, the team member provides the head of the auditor to a package of evidence, tests, conclusions and summary reports. These documents are the basis of the audit file and are used to support any statements or conclusions that are included in the final opinion on the audit.