11-02-2005, 05:31 AM
Some points to ponder over
-Self regulation through appropriate risk management
-Well documented work papers
-Professional liability cover
-Pre approval from BOD/Audit committee of any ancillary work to audit
-Peer review and internal reviews on quality control
-Continuous technical training of audit staff
-Monitoring of independence of audit staff (of client companies)
-Auditor rotation
"Failure is a word unknown to me" - M A Jinnah
-Self regulation through appropriate risk management
-Well documented work papers
-Professional liability cover
-Pre approval from BOD/Audit committee of any ancillary work to audit
-Peer review and internal reviews on quality control
-Continuous technical training of audit staff
-Monitoring of independence of audit staff (of client companies)
-Auditor rotation
"Failure is a word unknown to me" - M A Jinnah
