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Audit of educational institution is done in the same manner as other institution the difference is only that evidence we will look for is different for eg. in case of business there are sale and purchase related vouchers and transaction whereas in case of schools or colleges there are vouchers and transaction related to collection of fees payment of salary to teachers and other staffs.In case of educational institution audit wa mainly have to focus on the verification of assets like bench desk chair etc. Purposes and process of audit is same but the documents and evidence are same.
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Difference between cost audit and financial audit?
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
When is audit programme compiled?
before the start of audit
Difference between internal and external audit?
An internal audit is done by the company itself. An external audit is done by auditors not under the influence of the company being audited.
Was there an external audit done on Amazoncom?
Yes, the last audit was done on February 11, 2008 by Ernest & Young, LLP
Why prepare audit planning memorandum?
to\\To document what is to be done during the course of audit proper
Which companies are exempt from audit in Pakistan?
No institution exempted from audit
What is the Difference between HR audit And Financial Audit?
Under HR Audit, audit of HR procedures and process is done while in financial audit, audit of finance related matters are done.
How do you get permission to use the song Imagine for educational purposes in Canada?
Using music for educational purposes is normally covered by fair dealing exemptions:29.5 It is not an infringement of copyright for an educational institution or a person acting under its authority to do the following acts if they are done on the premises of an educational institution for educational or training purposes and not for profit, before an audience consisting primarily of students of the educational institution, instructors acting under the authority of the educational institution or any person who is directly responsible for setting a curriculum for the educational institution:(a) the live performance in public, primarily by students of the educational institution, of a work;(b) the performance in public of a sound recording or of a work or performer's performance that is embodied in a sound recording; and(c) the performance in public of a work or other subject-matter at the time of its communication to the public by telecommunication.
Difference between cost audit and financial audit?
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
When is audit programme compiled?
before the start of audit
How do you prepare an audit plan?
audit plan is the most important part of audit. the auditor should arrange the activity done in audit.
What is another name for an institution design for learning?
Another name for an institution designed for learning is an educational institution.
Difference between internal and external audit?
An internal audit is done by the company itself. An external audit is done by auditors not under the influence of the company being audited.
Difference between continuous Audit and Periodical Audit?
The main difference in a continuous audit and a periodical audit is the amount of time an audit is done. A continuous audit is done many times throughout the year and a periodical is performed once a year. A continuous audit is also expensive because of the amount of time spent doing it.
Was there an external audit done on Amazoncom?
Yes, the last audit was done on February 11, 2008 by Ernest & Young, LLP
What is audit plan?
Audit planning is a procedure which is used to see and prevent potential problems. This is done at the beginning of an audit process.
Is statutory audit is done for proprietorship?
not
