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inspection & audit & survey & inspection differences

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A health and safety inspection is generally limited to an examination of the physical conditions within an organisation so that an assessment can be made of basic legal compliance.

A health and safety audit is the collection of independent information pertaining to the efficiency and reliability of the organisation's total health and safety management system and involves drawing up plans for corrective action where necessary.

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Key Difference: Audit is the inspection, examination or verification of a person, organization, system, process, enterprise, project or product. Inspection is the act of examining something, often closely.



Audit is an independent review and examination of records and activities to assess the adequacy of system controls, to ensure compliance with established policies and operational procedures, and to recommend necessary changes in controls, policies, or procedures. It is used to determine the authenticity and validity or to ensure that a process is being followed. Also, an audit is mainly used in accounting to ensure the validity and reliability of information in the statements and that the information is free from material error. An audit can be done anytime.

Inspection indicates that the regulatory authorities are checking documents, records, facilities and any other resources to verify a certain set of standards. It is the act of examining something, often closely. Inspection is one of the important tools for controlling the affairs of bank and also judging the efficiency of management. It is a multi purpose function, and includes all the elements of audit. It basically helps in overall improvement in the working and efficiency of the branch.

Comparison between Audit and Inspection:
 

	Audit	Inspection
Description	Audit means the inspection, examination or verification of a person, organization, system, process, enterprise, project or product.	Inspection indicates that the regulatory authorities are checking documents, records, facilities and any other resources to verify a certain set of standards.
Owners	Audit is conducted on behalf of owners only and they make the appointment.	Inspection is conducted by any person or owner according to one’s need of a particular thing.
Purpose	To determine the true and fair view.	To determine the true and fair view.
Process	Routine process	Frequent/Routine process
Period	Once a year	Weekly or monthly
Employees	Does not examine personally	May examine personally
Types	Legal Compliance Audit Internal Standards Audit System Audit Statutory Audit Internal Audit Tax Audit Cost Audit VAT Audit Integrated Audit Operational Audit Follow-up Audit	Onsite inspections: Announced Inspection Unannounced Inspection Targeted Inspected General Inspection In-depth Inspection Scheduled Inspection Occasional Inspection National Inspections: Pre-license Inspection Facility Inspection Routine Inspection Challenge Inspections

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