PROCESS OF AUDITING

          Firstly, what is process of auditing? The process of auditing are about the step taken and how was it performs. In process of auditing, we have to get the client acceptance, then requesting documents, preparing the audit plan, testing and evidence the true of the financial statement, evaluation and reporting it.

          Process of auditing firstly we have to get the client acceptance and it will be involves they want to get a new client or continue with an existing one. In client acceptance process of auditing, we can see the client background and the reason for the audit. During the client acceptance have to see whether the auditor is able to meet the ethical requirements or not.

          Furthermore, requesting documents will be prepare when notifying the organisation of the upcoming audit. The auditors have to prepare the copy of the previous audit report, the organisational charts, original bank statement, receipts and ledgers. After that, prepare to start the audit plan the auditors will look on the documents and plan out how it will be conducted.

          In additions, after prepare the audit plan auditors have to start testing and evidence the account to check it was performed true and fair view or not. For example, check every transaction , the details of balances and search whether it got any unrecorded liabilities.

          Lastly, after testing and evidence the account of the organisation then have to evaluation and reporting it, which means issue an opinion after audit. Auditors will be review the financial statements and other report materials and prepare matters of attention and reports to the board of directors or shareholders.