Sajjad Haider & Associates > Services
> Operations Audit
- Internal Audit
- Operations Audit
- Business Performance Evaluation
- Monthly Review Meetings
Operations Audit
I. Object of Operations
Audit
1. Evaluation of the efficiency and effectiveness
of the operations in order to achieve the business objectives;
2. Evaluate the Financial and Information
Systems which enables:
-
Cost control
-
Strategic Planning
-
Decision Making
3. Policies and procedures aud
II. Methodology
1. Preliminary Survey and System
Study
A detailed system study will be carried out
before the commencement of the audit in order to have an understanding
of:
2. Fieldwork
A thorough analysis of the various segments
of the organization will be carried out in order to ensure
that:
-
Sufficient internal controls are in place at all levels
of the organization;
-
Routine functions of the organization are carried
out within the framework of the policies and procedures
approved by the management;
-
Policies and procedures of the organization help in
directing the appropriate authorities that have been
delegated with the powers to undertake strategic decisions;
-
Timely completion and submission of the required deliverables.
3. Audit Reporting
The findings will be evaluated in the light
of the following aspects:
Criteria |
What the operation is supposed to accomplish |
Condition |
What the operation is actually accomplishing |
Cause |
Why the deviation from the criteria has occurred
|
Effect |
What’s happening or could happen because
conditions do not meet criteria |
Conclusions |
What needs to be corrected / improved |
Recommendation |
How can the correction / improvement
be implemented |
|
