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Should internal audit conduct pre-audits?
If only there was a way to review transactions, particularly large ones before the funds are released. Well, there is! “Pre-audits” are reviews of invoices, contracts, purchase orders, and other requests for funds to substantiate a transaction or series of transactions before they are executed and recorded.
Should internal audit conduct pre-audits?
By: NewVision Reporter, Journalist @NewVision
By CPA Joseline Arinaitwe
Internal audits are pronounced at identifying problematic or even fraudulent transactions, either internal or external audits of payables to third parties, mainly payables to do with