Pre audit

Pre audit

A pre-audit is the first step in the process of an audit. During a pre-audit, a company or individual's financial documents are examined to ensure that all information is correct before the company or individual undergoes an official audit. The pre-audit process may be undertaken by employees of the company being pre-audited, or the company may hire an independent organization to examine its finances. Pre-auditing may be used to describe both a single instance of review directly preceding an official audit as well as the continuous process of monitoring finances throughout the year.

Under pre-audit, we conduct following measures

  • Independently review and appraise the systems of control throughout the year. 
  • Recommend improvements to internal controls.
  • Ascertain the extent of compliance with procedures, policies, regulations, statutory obligations and other legislations.
  • Provide reassurance to management that their policies are being carried out with adequate
  •   Control of the associated risks.
  •  Facilitate good practice in managing risks effectively.

 


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