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Making waves underground: India's first undersea rail tunnel takes shape · 10 hours ago IRDAI launches comic book series to simplify life insurance for consumers · 10 hours ago Fans 1, Productivity 0: How FIFA World Cup 2026 could trigger $17bn loss worldwide · 11 hours ago India's power sector set for strong FY27 growth on rising demand, capacity additions: Report · 12 hours ago ITR filing: Sold shares, property or crypto this year? Here's what you must know before filing your income tax return · 15 hours ago Punjab National Bank Q1FY27 net profit up 213% to Rs 5253 crore · 15 hours ago IDBI Bank Q1FY27 net profit rises 3.3% to Rs 2007 crore · 15 hours ago Nobody wants to wait on hold anymore. But can AI replace customer care? · 16 hours ago Pakistan to revise fuel prices daily; current account slips into $139 million FY26 deficit · 15 hours ago New money? India's currency might soon get a plastic makeover · 18 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 · 10 hours ago IRDAI launches comic book series to simplify life insurance for consumers · 10 hours ago Fans 1, Productivity 0: How FIFA World Cup 2026 could trigger $17bn loss worldwide · 11 hours ago India's power sector set for strong FY27 growth on rising demand, capacity additions: Report · 12 hours ago ITR filing: Sold shares, property or crypto this year? Here's what you must know before filing your income tax return · 15 hours ago Punjab National Bank Q1FY27 net profit up 213% to Rs 5253 crore · 15 hours ago IDBI Bank Q1FY27 net profit rises 3.3% to Rs 2007 crore · 15 hours ago Nobody wants to wait on hold anymore. But can AI replace customer care? · 16 hours ago Pakistan to revise fuel prices daily; current account slips into $139 million FY26 deficit · 15 hours ago New money? India's currency might soon get a plastic makeover · 18 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
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Accounts

What to do after the audit?

► Hold an auditors meeting to discuss the closing meeting content.
► Hold a closing meeting with all auditees involved with the audit. First, point out what was done well. Second, address the nonconformances and ensure the auditees understand the nonconformances and what part of the standard is not met.
► Issue the audit report in a timely manner.
► Encourage auditees to decide on the corrective actions. Allowing auditees to have input will give them ownership in implementing changes.
► Assist those responsible for completing the corrective actions with setting reasonable deadlines. The corrective action deadlines may vary depending on the severity of the noncompliance.
► Be available and willing to help the auditees.
► Ask for feedback on how you and your audit team were perceived - adjust your approach if necessary.

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