A special audit is a well-defined audit that concentrates solely on a particular aspect of an organization’s operations. Organizations do require professionals to audit a particular area susceptible to management concerns and expect the professionals to perform the service according to the agreed-upon scope determined at the beginning of the engagement. Special Audits have on multiple occasions revealed crucial information contrary to the department’s understanding that everything is proceeding in the correct direction. Special audits are conducted by both internal personnel, such as employees hired specifically for the task, and external third parties as part of Business Process Outsourcing (BPO).

At Elucidation for Accounting (ElucidationAcc), our specialists conduct special audits at the request of clients. Our approach to completing the assignment is as follows:

Agreeing to the Terms of Reference (TOR) prior to the start of the contract and outlining the following in advance:

o   Our reach and constraints.

o   Management’s obligation.

o   Auditor accountability.

o   Ethical standards that must be observed.

o   Conduct an audit of deliverables.

o   Chronological arrangement.

Acting with integrity and ensuring that all applicable international auditing standards and matters affecting our independence are met prior to entering into an engagement.