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Please give me an exact solution, what is the difference of pre auditing and post auditing?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Renju M.R asked about 2 years ago

Hello friends, Please find out what is the difference of pre auditing and post auditing. Because I have many doubt about this topic, so please erase my doubt . simply explain what is the difference of pre auditing and post auditing is..?

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered about 2 years ago

Hi.. ** > What is the difference of pre auditing and post auditing?** --A pre audit is where the inspecting firm comes in and gives you some advice on what to fix, check etc.,A post audit is where the agency comes in to see if you have fixed the problems or came up with answers to the questions they asked during the audit itself. --Pre - audit is an audit approach where payment vouchers are reviewed by audit staff before final payment is made. Post Audit is an audit approach where supporting documents are reviewed weeks / months after the transactions have taken place. --The review takes the form of re-computing the figures on the P.V, checking supporting documents and also checking whether the necessary authorization or control procedures have been followed before payments are made. During post audit the emphasis of the review is on control weakness and how it can be improved to prevent future breach of controls --Pre audit is auditor doing audit when the activity/programe/project/entity still in progress to ensure all procedure to be compliance. Post audit is auditor doing audit when activity/programe/entity/project to be realese to ensure all goal to be accomplised

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Open uri20170510 32134 1c996lj?1494421732 Anil answered about 2 years ago

the difference of pre auditing and post auditing is very simple. Pre - audit is an audit approach where payment vouchers (P.V) are reviewed by audit staff before final payment is made. The review takes the form of re-computing the figures on the P.V, checking supporting documents and also checking whether the necessary authorization or control procedures have been followed before payments are made. This pre audit used to feature more in the work of internal auditors in the past. Currently, risk management is the order of the day. However, some Senior Management staff still believe that pre-audit should be conducted by internal audit staff instead of accounts supervisors. Post Audit is an audit approach where supporting documents are reviewed weeks / months after the transactions have taken place. During post audit the emphasis of the review is on control weakness and how it can be improved to prevent future breach of controls. These are the major difference of pre auditing and post auditing.

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