What is the first step in the Audit Process?

The first step in the Audit Process is the initiation of an audit job, which involves starting an audit task. This action sets into motion the series of activities necessary for conducting the audit. By beginning with the audit task, the system prepares to gather all relevant information, ensuring that the process can effectively track any necessary adjustments to premiums based on the audit's findings.

Initiating the audit job creates a structured workflow that allows users to enter audit details, perform calculations, and submit results at later stages. Thus, this initial step is crucial as it establishes the framework for the entire audit process, guiding subsequent actions and ensuring that all necessary data is collected and evaluated accurately.