February 24, 2022

Financial Audit First Steps

Category: Administration, Fraud Prevention | Tags: admin audit, anti-fraud, audit

Posted by Meagan | The first step in a financial audit is to take a closer look at the by-laws, and see what specifically they are requiring, or the intent of including this requirement. Does it ask for a CPA administered audit or just an Administrative Audit? Can the organization perform their own internal audit? Once you know the type of audit required by the by-laws, then you know how to prepare.