Process of Auditing is my topic for presentation in my class at Tuesday, February, 24, 2015.
First of all, to know about the process
of auditing we must go through the following points:
1.
Meaning of auditing
2.
Objectives of
auditing
3.
Nature and
Scope of auditing
4.
Advantages of
auditing
If you don't know about these above
defined points please click here to read!!!!!!!!
Then after we come to PROCESS OF
AUDITING
PROCESS OF AUDITING
The process of auditing may differ from
the person to person, organization to organization according to the nature. But
the common process of auditing is explained as follows;
1) Pre-auditing
Stage
a)Authorized
appointment of Auditor and issue of acceptance letter
Appointment
letter should be in the hand of auditor’s hand before audit. An auditor must
check his appointment is in accordance with provisions of act or made by Board
of Director (BOD) or Annual general meeting (AGM) or Company registrar office
(CRO). Before accepting work of a new audit, it is established professional
etiquette for proposed auditor to communicate with previous auditor to see
whether he has any objections to raise. If the auditor satisfied with reasons
for non appointment of previous auditor he should confirm his acceptance. Auditor
should issue acceptance letter in the name of organization for confirmation his
acceptance as an auditor final audit of the organization.
b)Audit
engagement
Appointment
letter is formally called audit engagement letter.
2) Audit
Planning Stage
3) Audit
Execution
Another topics is
Presentation And Communication Skills
What is communication?
Communication is
ü Interchange
of thoughts, opinions or information by speech, writings or signs- Robert
Anderson
ü Is
the process by which information is transmitted between individuals and/or
organizations so that an understanding response results- Peter Little
ü Is
purposive interchange resulting in workable understanding and agreement between
sender and receiver of a message –George Verdaman
7
C’s of communication – Francis J. Bergin
1.
Completeness
2.
Conciseness
3.
Clarity
4.
Correctness
5.
Consideration
6.
Courtesy
7.
Concreteness
4
P’s of presentation
A. Planning
I.
Identify needs, wants and goals
Determine key idea of your message
Who is the audience?
· Age
group
· Education,
experience
· Culture
What does my audience
know about this topic?
Remember!
Content must be
Ø Around
your purpose
Ø Audience’s
interest
Ø Audience’s
level of understanding
Ø Select
word and phrases common to your audience
Failing to plan is
planning to fail
B.
Preparing
Prepare an attention getting opening
To elicit the audience’s interest
ü Use
question
ü Make
starting statement
ü Use
topic related quotation or phrase
ü Relate
a relevant incident
Strengthen statement by supporting materials
ü Examples
ü Statistics
ü Testimony
ü Display
your numerical data un chart form
ü Display
structural data in flow chart
ü Add
pictures to reinforce your information
ü Use
gender responsive and friendly language
o
Don’t make any bias statement
o
Use gender neutral language
C.
Practice
Practice your presentation in front of a small audience or a
colleague
ASK FOR FEEDBACK
Is
your message clear? Does
your evidence support your key points? Are
your graphics and illustrations clear, appealing, and relevant to the topic? Are
you talking in terms of your audience’s interest? Is
your close memorable? Did
you achieve your intended results?
THE BEST CURE OF NERVOUSNESS IS CONFIDENCE AND CONFIDENCE
COMES FROM PRACTICE
REHEARSE THE TIMING OF THE PRESENTATION
D. Present
Structure of your presentation
Introduction
· Tell
them what are you going to tell them
· Attractive
· Main
body
· Tell
them
· Clear
and meaning full
· Conclusion
Tell them what have told
them
Clear
and crisp
Make
a positive impression
Establish
eye contact to all the audience
Speak
in heightened
Conversational
tone
Emphasize
important points
Take
brief pause before and after important point
Be
sincere with your audience
Ask
your audience questions to be sure that they are following you
Effective
communication helps to
a. Identify
common misconceptions, barriers, and biases that interfere understanding
b. Anticipate
problem
c. Make
effective decisions
d. Reduces
intensity of conflict
e. Maintain
good interpersonal relation and professional dynamism
f. Enhance
creativity and productivity at work
Benefits
of effective communication
v Speedy
problem solving
v Stronger
decision making
v Increased
productivity
v Steadier
work flow
v Stronger
business relationships
v Clearer
professional image
v Improved
stakeholder response
