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When management informs you that internal or external auditors are on their way to conduct an audit of your project, you may have many questions and, at times, few answers: Why are the auditors coming? Why now? What are they looking for? How long will the audit take? What can we do to prepare? What help will the project receive in responding to the auditors? This presents a description of the typical audit process, a list of do's and don'ts for projects undergoing an audit, how to design basic audit preparations into the project's design, and resources for further information on auditing issues.