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1 External and Internal Audit Sherri Franklin Argosy University 2 As the studyors prepare for the scrutinize, a graph allow show the differences amid internal auditing and external auditing. along the way, the chart get discover show the similarities as well. This audit exit let the limit comp all see what improvements pick up to be do for the company to move forward. This audit ordain be contract on the finances of first principle Company. The audit multitude up will be shock with the Chief pecuniary Officer of ABC Company, along with key figures in the accounting department. There is a chance that management for the mean solar day to day operations will be a part of the meeting as well. The company will be researched online; we will essay out any relevant reading that shows the company. It may be relevant to do audits on something besides the financial process. after that, the entropy, both news report and electronic will be gathitherd and reviewed. What the team has to do is become familiar with the process, be it topic or electronic, so the team can understand it. At this point, the team starts to start a list of questions and present them to the contacts of the organization.

why are there questions, after the team looks at the data given from the organization, the team will try obtaining more information to help make in the gaps in the data already received. Now the team will organize the data and substance abuse the responses form the questions. A format will be conform up that is diffused to work with, as so the audit does not polish forever. Based on the documents re! ceived, many audits unremarkably take from 2 weeks to a month to do, unless the company is kinda large, like Chrysler, Wal-Mart or General Motors, who knows how long the audit will take. With the data complied, the team will find areas that are in compliance and areas that need more attention. The team will pock this as the audit progresses. 3 The improvement process is through giving the suggestions to the company. As the...If you compliments to get a honest essay, order it on our website: OrderCustomPaper.com

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