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audit procedure we mean that those petren in which we prepare the audit report.

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Audit procedure for letter of credit?

The audit procedure for letter of credit ensures the compliance of sanctions and post sanction procedures.


What is audit plan?

Audit planning is a procedure which is used to see and prevent potential problems. This is done at the beginning of an audit process.


How do you audit a procedure?

If there is no paper trail ask questions of persons performing the procedure


Procedure for system audit?

The procedure for a system audit begins with planning. The controls are then studied and evaluated. Reporting then begins and is followed by any follow up procedures.


What is audit procedures?

Audit procedure is the process followed while auditing an entity which may include:Confirm the audit assignmentComplete appropriate planningExecute actual internal audit workDevelop a report


What is concurrent audit?

Concurrent audit is a systematic and timely examination of financial trascation on a regular basis to ensure accuracy, compliance with procedure and guidelines.


What is the difference between Audit and Inspection?

Dear Friends, I would like to answer the question as below: Inspection is an observation. Inspection is to examine closely any equipment or facility. It may be formal(with a plan and a check-list) or informal.Examples: 1. Inspection of a Fire Tender with a checklist for its operability, worthiness of its fire water pump , fire monitor etc.2. Inspection of the tank shell for finding any deformity, thinning etc. Audit is a process of evaluation and to measure performances that is based on Standards & Guidelines, identifies the compliance & non-compliance based on Standards and is neutral. There are three types of audit namely: 1) Legal Compliance Audit 2) Internal Standards Audit 3) System Audit Audit is the verification of a Process, a System or a Procedure. Examples:1. Audit of Firewater pump house. 2. Audit of a Process Plant 3. Audit of Quality Control Laboratory. Here the systems and processes are verified with respect to a documented procedure. Thus the audit of a quality control laboratory will involve the verification of the existence of the quality control procedure, sampling procedure, reporting procedure etc. Learn more about the difference between a home inspection and energy audit by visiting: http://jimbushart.wordpress.com/2012/06/14/difference-between-the-home-inspection-and-the-energy-audit/


What is the procedure of the checking the quality of the work in audit organization?

There is no single audit is performing in the company.Like there are many audits are conducted like, Quality control,Finance,Marketing,Production etc So the quality of the AUDIT can be judged through the Results it produced after the audit,and the quality of the Company who is conducting that audit. Through this you can check this out.


What is difference between inspection and auditing?

Dear Friends, I would like to answer the question as below: Inspection is an observation. Inspection is to examine closely any equipment or facility. It may be formal(with a plan and a check-list) or informal.Examples: 1. Inspection of a Fire Tender with a checklist for its operability, worthiness of its fire water pump , fire monitor etc.2. Inspection of the tank shell for finding any deformity, thinning etc. Audit is a process of evaluation and to measure performances that is based on Standards & Guidelines, identifies the compliance & non-compliance based on Standards and is neutral. There are three types of audit namely: 1) Legal Compliance Audit 2) Internal Standards Audit 3) System Audit Audit is the verification of a Process, a System or a Procedure. Examples:1. Audit of Firewater pump house. 2. Audit of a Process Plant 3. Audit of Quality Control Laboratory. Here the systems and processes are verified with respect to a documented procedure. Thus the audit of a quality control laboratory will involve the verification of the existence of the quality control procedure, sampling procedure, reporting procedure etc. Learn more about the difference between a home inspection and energy audit by visiting: http://jimbushart.wordpress.com/2012/06/14/difference-between-the-home-inspection-and-the-energy-audit/


What are audits and why are they carried out?

An audit is an accounting procedure where financial records of a company are inspected to verify that they are accurate. The audit keeps a company honest and reassures employees and investors as to the financial status of the organization.


What is dual-purpose audit procedure?

A dual-purpose audit procedure is an audit technique that serves two objectives simultaneously: it tests the operating effectiveness of internal controls and also provides evidence regarding the validity of specific assertions related to financial statements. For example, an auditor might perform a procedure that evaluates the accuracy of recorded transactions while also assessing the effectiveness of the controls in place to prevent errors. This approach enhances efficiency by allowing auditors to gather multiple pieces of evidence in a single step, optimizing the audit process.


What are the 6 mandatory procedures in TS 16949?

The 6 mandatory procedures in TS 16949 are Control of Documents, Control of Records, Internal Audit, Control of Nonconforming Product, Corrective Action, and Preventive Action. These procedures are essential for ensuring quality management systems in the automotive industry comply with the standard's requirements.