A specialized audit is a targeted examination concentrating on a specific aspect of an organization's operations. Organizations enlist professionals to audit particular areas in response to management concerns, expecting them to follow the agreed-upon scope set at the beginning of the engagement. These audits have uncovered crucial information, at times challenging the department's perception that everything is proceeding as expected. Internal individuals, such as designated employees, and external third parties like Business Process Outsourcing (BPO) entities, conduct special audits.
JASM Accounting (JASM) performs specialized audits as requested by clients, and our methodology for delivering these assignments is as follows:
- Establishing Terms of Reference (TORs) prior to the commencement of the contract and pre-defining the following:
- Our scope and limitations.
- Management's responsibilities.
- Auditor's responsibilities.
- Ethical standards to be adhered to.
- Audit deliverables.
- Timeline.
- Assessing adherence to industry-specific FTA guidelines within the entity's operational sector.