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the complies that the audit is carried through to completion in one continuous., although it may be commenced before the end of the accounting period.
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What control should periodically reassess its approach to the marketplace with a good marketing audit?
strategic control
How Internal audit is different from Risk based internal audit?
A risk base internal audit is latest approach to ensure best practices aiming at maximizing the impact of audit by focusing on the major strategy ,regulatory, financial and operation risk that confront an organization while internal audit is traditional independent examination of financial and operation of an organization to ensure economic,effective and efficiency utilization of an organizations resources
What is the difference between Financial Audit and Cost Audit Describe each of them?
between financial audit and cost audit
Difference between audit plan and audit program?
an audit program may contain several audit plans
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?
The types of Cost Audit?
types of audit approach
Describe your experience of clinical audit?
Give examples of your approach to working in a team
What are the contents of Audit Program?
contents of audit program are as, 1. a review of system of internal check. 2. audit of balance sheet. 3. audit of p&l a/c. 4. the details of various audit works to be performed and their classification. 5. preparation of audit report and co-ordination of all above mentioned items.
What control should periodically reassess its approach to the marketplace with a good marketing audit?
strategic control
What is a disadvantage to the single audit approach?
some granting agencies do not receive as much information about their grant programs as when separate grant audits are performed. As a result, some granting agencies require audit work that goes beyond the single audit requirement;
How Internal audit is different from Risk based internal audit?
A risk base internal audit is latest approach to ensure best practices aiming at maximizing the impact of audit by focusing on the major strategy ,regulatory, financial and operation risk that confront an organization while internal audit is traditional independent examination of financial and operation of an organization to ensure economic,effective and efficiency utilization of an organizations resources
When risks of material misstatement due to fraud are identified how should auditors adjust their audit approach?
meaning of material misstatement
The date of the CPA's opinion on the financial statements of his client is is?
the date of the completion of all important audit procedures.(Field work completed).
What is the purpose of the Institute of Internal Auditors' internal audit function?
The internal audit function is to ensure that an organization meets its objectives through a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance
Reasons to Get an Energy Audit Completed?
Over the past few years, most people have become more aware of the environment and many are looking for steps to reduce their carbon footprint. To determine how much energy they are using, many people choose to get an energy audit completed on their home. There are many reasons why all homeowners and landlords should have energy audits completed on their homes. The first reason why you should get an energy audit completed on your home is because it will test how efficient your appliances are. Due to the rising cost of energy, it is very important that a household maintains an efficient HVAC system. An energy audit will test how efficient the appliances are testing. Based on the findings, and the quality of the audit, the auditor will determine what the best course of measure would be to improve efficiency. This could include having the furnace repaired or replaced entirely. The second reason why you should get an energy audit completed on your home is because it will test how safe your energy system is. Due to the drastic changes in heat and the amount of energy that goes through a standard HVAC system, there is a good chance that an HVAC system will eventually become a hazard as the home and equipment ages. An audit will test the equipment to determine how safe it is, and how likely it is that it could cause a fire in the future. The audit may also determine how it can be handled to reduce the hazard. The third reason why you should get an energy audit completed on your home is because it will help determine how your home could be most efficiently configured to maximize your energy efficiency. An audit will review all aspects of your home, including the quality of the HVAC system, duct work, and placement of vents, and then determine how the system could altered to maximize efficiency. By doing this, and following the plan, you could reduce your energy bills and improve the value of your home.
What has the author Nicola T Ellis written?
Nicola T. Ellis has written: 'An information based approach to clinical audit in the UK national health service'
Differences between IS Audit nad Traditional Audit?
what is the differences between IS Audit and traditional Audit?
