Tuesday, November 11, 2008

Go Audit Day 6

The 1st Session of Day 6 was on BAF(Business Analysis Framework).Already a small run through had been done on a previous day,but this one was a detailed session highlighting what BAF is and how issues can be found just by doing a good BAF.We were given a client website to read and compare with a BAF which had already been prepared and asked to see whether any key area/risk has not been documented in the BAF.Though it was very theoretical,it was interesting and very informative, a very well taken session.

Finally what i had been dreaming all these days became a reality,as i hoped for pastry was included in the lunch menu..it was Chocolate Mousse and it tasted decent,atleast it was a welcome change from the usual sweets which were served along with ice cream on all the previous days..No other surprises in the menu.

The post lunch session saw a quick run through on Accounts Receivables and Accounts Payable.It was mostly about understanding the process relating to purchase and sale and also the assertions relating to them.This was also a very interesting session(though i was half asleep,as always is the case after lunch)

After tea saw a session on soft skills where we were thrown light on the importance of the same.It was more mental than audit related like for eg how we will face up to different situations,what barriers we might face and how to overcome the various circumstances.We were also given a couple of situations and asked to enact how we would face up to them.It was a table group exercise..

Day 6 was a fine mix of both audit and non audit related.Lets see what we encounter during Day 7?!!

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