Well, if you thought that a newborn baby cannot hear, thing again!! The sense of hearing in an infant develops much before the birth of the baby. When in the womb, the baby hears his mother's heartbeats, the grumbling of her stomach and the sudden loud noises like a car blaring or a drum banging.
Some typical stages in the audit process. An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.
Compliance Audit. Definition - What does Compliance Audit mean? A compliance audit is a process of comprehensive reviews that focus on an organizationâs commitment to a set of regulatory guidelines or its adherence to a specific contract or terms of agreement. The entity doing the audit may differ according to the nature of the organization and the scope of the audit.