This letter also includes the specification of the audit along with the details that will be provided to the Auditors during their visit. On the other hand, this Notification or Audit Confirmation Letter is also sent to the auditors where it confirms the date, time, place and duration of the Audit. This way the management has enough time to prepare for the audit. On one hand, this gives a guideline to the management about what the auditors will check during their visit and what kind of documents they will require. In order to make sure that everything is running smoothly, they send auditors to their offices and branches.īefore any Audit, a Notification is sent both to the Management of the Company and the Auditing Team. Multinational Companies that have dozens of offices around the world hire External Auditors because it’s not possible for the owner or partners to physically visit every branch and they can’t rely on the management completely. In this audit, the external auditors check Accounts Receivable and Accounts Payable of a company to make sure there is no mistake or error in the Financial Statements.
On the other hand, financial audit is a little complicated as compared to other types of audits. This team visits the production units, check the quality of the prepared garments and verify if the garments are made with the specification signed by the Company in the Initial Agreement. in a textile company, the customer sends a third party as an external auditor. Brief Description of Audit Confirmation Letter:Īudit is a very important and key part of any organization and it isn’t only mean Financial Audit but it can be of any kind i.e.
required quality of audit, threshold of quality etc. With this Letter, the client can prepare their management for the audit where on the other hand, it gives specific details about the audit to the auditors i.e. Audit Confirmation Letter is a formal notification that is sent to all the involved parties in the process. Audit is a process where a third party is hired to inspect functions, operations, productivity, accounts and financial statements of a company or organization.
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