Author: Subramanian, Ravi
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The starting point for preparation for any audit was the previous year’s audit report and every organisation began by picking up the last audit report and evaluating its processes.
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It always paid to take loans from banks on a month-end because suddenly the banks would become a lot more flexible, more willing to take risks and they also offered significant discount on interest rates. A customer always gained in this desperation that banks demonstrated on a month-end.