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Beth Lehman From: Sent: To: Cc: Subject:Lily Zhang Tuesday, April 12, 2016 4:07 PM Audit Facilitation Beth Lehman FW: 2014 Electronic Return Accepted by the Follow-Up Flag: Flag Status:Follow up FlaggedLili
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Audit facilitation is needed by individuals, businesses, organizations, or entities who are undergoing an audit process.
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This can include companies being audited by regulatory bodies, government agencies, or external auditors.
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Audit facilitation helps ensure a smooth and efficient audit process by providing the necessary information and documentation to auditors.
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What is audit facilitation?
Audit facilitation is the process of providing assistance and support to auditors during an audit to help ensure a smooth and efficient audit process.
Who is required to file audit facilitation?
Entities that are subject to audit requirements, such as companies, organizations, or government agencies, may be required to file audit facilitation.
How to fill out audit facilitation?
Audit facilitation forms can typically be filled out electronically or in hard copy, and must include detailed information about the audited entity's financial and operational activities.
What is the purpose of audit facilitation?
The purpose of audit facilitation is to assist auditors in obtaining the information and resources they need to conduct a thorough and accurate audit.
What information must be reported on audit facilitation?
Information that may need to be reported on audit facilitation forms includes financial statements, transaction records, internal controls, and other relevant documents.
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