What are the different types of audit questions?
Audit questions can be divided into four main categories: preliminary, procedural, validation and risk. The main purpose of the audit is to review the level of compliance with the principles of the organization and any legal obligations. Although most people think of an audit in relation to the financial statements, the audit may be performed in any process that is documented and has a transaction that can be reviewed. The audit work is the most effective way to identify gaps in actual processing, identify the areas of risk in operation and ensure that the correct procedures are adhered to.
Audit preliminary questions are aimed at gaining an understanding of organizational structure, clients, suppliers and primary business operations. During this phase, they include common questions for the executive in the area of interest, any fraudulent or suspicious activity and primary purpose of the audit. This information is essential for the auditor to determine the Coprocesses are included in the Audit scope and to contact the file access.
during the pre -It is very common for the audit phase that the auditor asks for access to the operating guide, a copy of the company's principles and any documentation on the use of different systems or business processes. He or she checks this material in terms of completeness, accuracy and overall quality. Using this information as a reference point, the auditor creates an audit plan that focuses on determining the following procedures.
Theprocess -based questions are focused on employees who are responsible for completing real processes. For example, an official of payable accounts will be asked whether he has completed training in the area of accounting principles, information system or the company's accounting in general. The clerk could be asked to explain how he or the ONALD processes an application for a payment that is more than a specific monetary value. Other questions may include procedures at the end of the month and at the end of the year, fromCheck security and payment plans.
After the auditor has independently evaluated sample transactions, he will have questions on the basis of the evidence collected. These questions are very specific with a focus on a particular transaction and are used to resolve any questions about real business practices. For example, if the reimbursement of expenditure was processed without a signature from the manager, the person who processed it would be asked to explain how it happened. The answer provided is included in the audit file and the final report.
Audit questions about the security of documents, materials and employees are used to evaluate specific risks. Other questions used to emphasize the risk include perception of employees to instructs superiors, level of compliance with these instructions and multi -brown work environment. The level at which managers are involved in everyday operations is another area of questions used to identify the level of risk.