An audit procedure is a set of steps performed by auditors to assess the accuracy and reliability of an organization's financial records, processes, or systems. These procedures include planning the audit, gathering evidence through inspections, interviews, and testing, evaluating internal controls, and forming an opinion on the findings. Audit procedures help identify errors, fraud, or non-compliance with regulations, ensuring transparency and accountability. They are essential for maintaining trust among stakeholders and supporting effective decision-making.
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