Wednesday, March 25, 2020

Statutory Audit - Step 2

Statutory Audit - Step 2



Step 2: Draw up a schedule: Keep a checklist of the tasks and the assignments along with names of the people who are responsible. Working around a timetable makes it easy to review paperwork and identify any misses, and decide on actions to be taken. The auditors too, usually, obtain the management representation letters beforehand.


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