Sales Audit

Accurate sales records: Businesses should maintain accurate and up-to-date records of all sales transactions, including invoices, receipts, and bank statements.

Access to data: The audit team should have access to all relevant data on sales transactions, including electronic records and physical documents.

Knowledge of applicable laws and regulations: The audit team should have knowledge of applicable tax regulations and accounting standards.

Audit report: The audit report contains the findings and recommendations of the audit team.

Action plan: The action plan outlines the steps that the business needs to take to address the issues identified in the audit report.

Compliance certificate: If the audit team determines that the business is compliant with applicable laws and regulations, a compliance certificate is issued.