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"CONTINUOUS AUDIT" is essential to a bank so as to maintain a correct flow of amount in both in and out flow.
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What is a SAS 70 type ii audit?
A SAS 70 type ii audit is one of two service audit reports. Both reports include the service organization's description of controls, but type ii audit also has detailed testing over the controls over a minimum of 6 month period.
When is the audit usually done?
When an accident is reported to OSHA or when return doesn't jibe with other years or deductions are excessive (IRS) if another type of audit-please restate.
What is the difference between net banking and online banking?
These are two ways to describe the same type of banking: managing your account using the internet instead of walking into a branch.
What is unqualified audit report?
While the word 'unqualified' may seem to have a negative spin on it, it is actually the best type of audit report a company can receive. Once an audit is complete, the audit partner will produce a report the the owners if the company giving his/her opinion on the accounts. An unqualified report will say that there are no material misstatements and the accounts seem to be true and fair. If there are issues with the accounts that the auditor needs to bring to the attention if the company owners, he/she will produce a modified (qualified) audit report instead.
What type of banking service is directly linked to a checking account?
debit card
What is a SAS 70 type ii audit?
A SAS 70 type ii audit is one of two service audit reports. Both reports include the service organization's description of controls, but type ii audit also has detailed testing over the controls over a minimum of 6 month period.
Define cost audit?
The purpose of a cost audit is to verify all cost accounts and ensure that the company is following the predefined cost accounting plan. This type of audit focuses on every department within an organization to ensure that costs are being managed properly.
Which type of audit is the least complicated for taxpayers?
a correspondence audit
What type of organization is Connolly?
The organization known as Connolly operates as a recovery audit company. This means that the company is based on helping other companies get back money they have accidentally payed to suppliers, vendors, and providers.
What is system auditing?
A system audit is an audit made throughoutÊthe computer system to determine the significance of their effectiveness and to recommend improvements. It is an audit of a system or subsystem against system requirements in order to show conformity or nonconformity to the system.Ê
What type of organization was most likely to offer advice on banking and insurance needs to African Americans?
African Americans fraternal organizations
What class of business is continuous audit applicable?
audit which type of bussness class is it applicable answer
What type of banking do consumers most prefer?
Honest banking.
What is preferred banking?
Preferred banking can refer to a type of banking that has benefits including special privileges. Many banks offer this to premium banking customers.
What is functional type of organization?
it is a type of organization where the one who makes the project
What is mt in banking term?
the term mt in banking means money transfer
Is an audit engagement and an attest engagement the same in accounting terms?
yes an audit engagement is a type of attest service where you provide assurance on information in the financial statements.
