Risk Based Audit Approach
This query is : Resolved
07 August 2008
Sir can u please explain what is risk based audit approach?
is it different from normal audit approach?
is it different from normal audit approach?
07 August 2008
The approach is mainly to take care of quality audit within available time which is very short. Instead of attempting to verify all areas not withstanding whether or not scope for deficiencies exist, the audit program will be so designed to cover areas based on the control and checks already in position, so that it is possible to concentrate on areas which are more vulnerable.
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