Menu
audit
how to approach while starting audit of a pharma company? what should be areas to be stressed on? how can a good audit programme be plannned for the same?
Replies (2)
The One Says:
It depends on the scope of the Audit.
However generally speaking one should begin with preliminary surveys to get a general understanding of the business which can be achieved through the study of the past few years annual reports and comparison with the current years, interviewing key personnel to identify changes (such as newly applicable laws or general management changes), and specific to pharmaceutical companies patents, trademark laws applicable for which you can have an interview with the companies legal council. Also the internet can be a good resource to get an idea of the business trends.
Hope it is helpful and do post your response as a common courtesy.
It depends on the scope of the Audit.
However generally speaking one should begin with preliminary surveys to get a general understanding of the business which can be achieved through the study of the past few years annual reports and comparison with the current years, interviewing key personnel to identify changes (such as newly applicable laws or general management changes), and specific to pharmaceutical companies patents, trademark laws applicable for which you can have an interview with the companies legal council. Also the internet can be a good resource to get an idea of the business trends.
Hope it is helpful and do post your response as a common courtesy.
im fineklijhesiofekgf
Recent Topic
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
Related Topics
CAclubindia
