Business wire
Making waves underground: India's first undersea rail tunnel takes shape · 11 hours ago IRDAI launches comic book series to simplify life insurance for consumers · 11 hours ago Fans 1, Productivity 0: How FIFA World Cup 2026 could trigger $17bn loss worldwide · 12 hours ago India's power sector set for strong FY27 growth on rising demand, capacity additions: Report · 13 hours ago ITR filing: Sold shares, property or crypto this year? Here's what you must know before filing your income tax return · 16 hours ago Punjab National Bank Q1FY27 net profit up 213% to Rs 5253 crore · 16 hours ago IDBI Bank Q1FY27 net profit rises 3.3% to Rs 2007 crore · 16 hours ago Nobody wants to wait on hold anymore. But can AI replace customer care? · 17 hours ago Pakistan to revise fuel prices daily; current account slips into $139 million FY26 deficit · 16 hours ago New money? India's currency might soon get a plastic makeover · 19 hours ago Textile sector to sew loose ends as FTAs kick in · 1 day ago NITI index: Gujarat, Maharashtra lead in wooing investors · 1 day ago Making waves underground: India's first undersea rail tunnel takes shape · 11 hours ago IRDAI launches comic book series to simplify life insurance for consumers · 11 hours ago Fans 1, Productivity 0: How FIFA World Cup 2026 could trigger $17bn loss worldwide · 12 hours ago India's power sector set for strong FY27 growth on rising demand, capacity additions: Report · 13 hours ago ITR filing: Sold shares, property or crypto this year? Here's what you must know before filing your income tax return · 16 hours ago Punjab National Bank Q1FY27 net profit up 213% to Rs 5253 crore · 16 hours ago IDBI Bank Q1FY27 net profit rises 3.3% to Rs 2007 crore · 16 hours ago Nobody wants to wait on hold anymore. But can AI replace customer care? · 17 hours ago Pakistan to revise fuel prices daily; current account slips into $139 million FY26 deficit · 16 hours ago New money? India's currency might soon get a plastic makeover · 19 hours ago Textile sector to sew loose ends as FTAs kick in · 1 day ago NITI index: Gujarat, Maharashtra lead in wooing investors · 1 day ago
Sunday, 19 Jul 2026 · IST
Advertisement

Accounts

Explain the Before an audit processes?

► Make sure the authority of the audit team is established - this will increase the cooperation from auditees.
► Decide what areas of the company will be audited and the frequency of the audits. Prepare a yearly audit schedule and distribute.
► Develop an audit plan. Decide what other audit resources are needed - checklists, other auditors?
► Determine the purpose of the audit - is it to comply with government regulations, quality standards, internal procedures and systems? v Define the scope of the audit - is it an overview of the area being audited or is it to concentrate on a specific system within the area?
► Hold a meeting with the auditors to discuss the plan, purpose, and scope of the audit.
► Read the documents you will be auditing against. Know what they say. Develop questions to ask the auditees.
► Conduct an opening meeting with the auditees.

More from this specialization