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The scope is what you are going to cover such as time period and departments. Objectives is what you are trying to achieve. Example: check for compliance with state regulations.
AnswerScope and objectives of auditAnswer:
1. An unbiased examination and evaluation of the financial statements of an organization. It can be done internally (by employees of the organization) or externally (by an outside firm).
2. An IRS examination of a taxpayer's return or other transactions. The IRS performs this examination to verify the accuracy of these filings.
SCOPE:
Scope of audit means the audit procedures deemed necessary to achieve the objective of an audit.
OBJECTIVE:
The objective of an audit of financial statements is to 'enable the auditor to express an opinion' whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.
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What is the process of preparing an audit?
The process of preparation for audit depends on the kind of audit to be performed, it's objective and scope. The scope of the audit is key to the planning process. The planning required or statutory audit is different from internal audit; it also differs from forensic audit?
What is scoop of audit?
Do you mean "scope of the audit"?? If so, the scope of the audit is the objective...what are you trying to verify? It could be a restricted scope in that you are looking at only a few specific items or full scope where you look at everything from cradle to grave, including all incomes and expenses.
What is the scope of external audit?
this indicates that the audit will be conducted in accordance with the international auditing standards.
What are the objectives of an environmental audit?
the objectives of an env audit is to ensure that there are minimal environmental impacts on the environment,also to ensure that a company or organisation complies with stated environmental laws and regulationns,and to ensure that resources are well utilized
What are the objectives of audit?
An audit ensures that a business is following the standard rules and regulations imposed on it. A hospital audit makes sure that the hospital isn't placing patient's lives at risk.
How is the scope of an audit established?
It is established by determining the boundaries for the engagement and should reflect the audit objectives
What is the process of preparing an audit?
The process of preparation for audit depends on the kind of audit to be performed, it's objective and scope. The scope of the audit is key to the planning process. The planning required or statutory audit is different from internal audit; it also differs from forensic audit?
What is scoop of audit?
Do you mean "scope of the audit"?? If so, the scope of the audit is the objective...what are you trying to verify? It could be a restricted scope in that you are looking at only a few specific items or full scope where you look at everything from cradle to grave, including all incomes and expenses.
What is the scope of audit?
this indicates that the audit will be conducted in accordance with the international auditing standards.
What is the scope of external audit?
this indicates that the audit will be conducted in accordance with the international auditing standards.
What is the difference between scope and objectives?
scope is why to do and objective is how to do
What is a special audit?
Special audit is that audit which is conducted for specific agenda or scope or for any special reason other than normal statutary audit which is to find out about the true and fair nature of financial statements.
What is a audit?
Special audit is that audit which is conducted for specific agenda or scope or for any special reason other than normal statutary audit which is to find out about the true and fair nature of financial statements.
What are the objectives of an environmental audit?
the objectives of an env audit is to ensure that there are minimal environmental impacts on the environment,also to ensure that a company or organisation complies with stated environmental laws and regulationns,and to ensure that resources are well utilized
What are the scope and desired ends of the insurgency?
Strategic Objectives
What are the objectives of audit?
An audit ensures that a business is following the standard rules and regulations imposed on it. A hospital audit makes sure that the hospital isn't placing patient's lives at risk.
What has the author William Acar written?
William Acar has written: 'The organizational audit and analysis' -- subject(s): Management audit, Management by objectives
