What is meant by audit comment?
To ascertain if actual practices conform to planned arrangements (i.e., policies and procedures, good business practices, etc.), the auditor compares evidence to criteria. Audit comments are written after completion of the fieldwork phase and evaluation of the collected data, observations, etc. The auditor documents any deficiencies s/he may have identified. The comments appear as a statement that the actual practice is or is not in conformance with planned arrangements. If the practice is not in conformance, the audit team will recommend corrective action that will minimize or alleviate the concern.
What is meant by audit comment?