Auditing: Understanding the Process of Audit Validation

Auditing: Understanding the Process of Audit Validation

Audit validation is an important process that ensures the different variables that determine the audit process, method and materials used in the process of auditing process are well sourced and they are the true ones that have been used in the conduction of the business deals.

The benefit of the audit validation process is something that can streamline the whole of the business processes and ensure that business shuns away from the participation in illegal activities that may put the company reputation in limbo. The whole purpose of audit validation not only lies within the validation department but auditors too can play role in this sector. We can understand the whole process of validation under the following vote heads.

3 Steps of Audit Validation Process

  1. How the process of validation affects the auditor function?

When it comes to the provision of supporting documentation that may explain how differently a company fund has been used always proves to be a daunting task for most of the company personnel to comply with. This greatly affects the auditor roles as the auditor banks on this supportive documentation to clearly cement his auditing work.

Moreover, the auditor needs to know and understand different work commitments in an organization that may lead him to the conduction of a comprehensive audit. The different commitments which need a validation process include the types of commitments that were accrued even before the internal auditor commitment to perform the internal auditing process, organization customer audit commitments and internal programs audit commitment. This organizational commitment may affect the validation process which may affect the whole auditing process if correct validation information is not provided.

  1. At what time is the validation process required in an organization

The validation process should be conducted prior to the conduction of both an internal, external audit and the filing of the regulatory requirements. Moreover, the auditing validation process requires different procedures that may be vital for the production of the process of controls within an organization. The different written procedure will highlight changes which will definitely be drafted, reviewed and possibly approved by the different organizational units in a given department. With the writing of the different set of production and internal controls, there will be the documentation of some processes control functions that may dictate the future performance of the previously written procedures.

  1. Activities that occur in the advance process of audit validation?

In the advanced stages of audit validation, there is the conduction of analytical validation methods which is also a process that occurs in different types of auditing. The process also envisages the validation process of processing parameters and other vital conditions that may be used in the conduction of both an internal audit and external audit. Moreover, during the advance process of audit validation, there must be a clear, transparent and detailed SOPs and other manufacturing batches instruction that may barricade the use of both the wide processing criteria and other subjective criteria.

In conclusion, the understanding of the whole process of audit validation is privy to both the internal auditor and external auditor’s works. However, there is a lot in the auditing validation process that one needs to understand and it definitely requires training in the auditing and other related fields.

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