Post-audit

Post-audit

A set of procedures for evaluating a capital budgeting decision after the fact.

Post-Audit

Perceptions, feelings, and impressions of a company after an internal audit or external audit. This is especially important when the company needs to make budget decisions in light of the new information the audit brings to light.
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Meanwhile, in the post-audit transactions in different offices and IUs in 2018 revealed that these were made without supporting documents.
The department was also supporting municipalities through post-audit action plans, capacity building and strengthening financial and performance management systems.
The key novelties relate primarily to the performance of audit competencies of the Court of Auditors, in particular through modernized solutions that enable a more economical audit process, and the introduction of a special shortened audit procedure, the possibility of suspending the audit procedure and the possibility for the Court of Auditors not to issue a post-audit report if all the remedial measures have been implemented satisfactorily.
BI Commissioner Jaime Morente said the BI's conduct of a post-audit of visa applications of six target companies unearthed the fact that their foreign employees submitted fake Alien Employment Permits (AEP).
AGP has never conveyed any such order to authorize the payment without fulfilling legal and codal formalities while the role of AGP is to conduct post-audit of payments, spokesman said.
However, when contacted by The Nation, an official spokesman for the Ministry of Energy said that in letter No 76/876-P-I/Pre-Audit/IPPs, the auditor-general of Pakistan had conveyed that they would look into the adequacy and sufficiency of the CPPAG's pre-audit checks and their consistency with the pre-audit framework as prescribed by the auditor general for Pakistan would be ascertained at the time of post-audit in due course of time.
The spokesperson said that carrying out pre-audit of payments was not mandate of the AGP because it affects the objectivity and independence of the statutory post-audit to be performed by the AGP.
We know this lack of integration is still a very prevalent process because the pre-audit and post-audit freight processing businesses are still thriving, catching errors in the 1% to 5% range depending on mode.
Further, information from audit budget variances is considered mostly after the post-audit phase of the audit.
In the post-audit world, a small, unaddressed claim can serve as a basis for claims 10-times or a 100-times the amount of the current claim being deducted.
Cynthia Stone Creem, chairwoman of the Post-Audit Committee.
The county auditing department created by ordinance in Alachua County was established to provide a post-audit of county fiscal affairs.
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