between financial audit and cost 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.
Many nonprofits will provide a copy on request.
How is the job of a financial manager in a nonprofit organization different from that of a financial manager with a profitseeking firmRead more: How_is_the_job_of_a_financial_manager_in_a_nonprofit_organization_different_from_that_of_a_financial_manager_with_a_profitseeking_firm
The purpose of an audit is to add credibility to the financial statements of a business organization.To give credence to the accounting records, accounting polices and financial statements of an audit client.
between financial audit and cost 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.
Many nonprofits will provide a copy on request.
Under HR Audit, audit of HR procedures and process is done while in financial audit, audit of finance related matters are done.
A financial audit looks into the legality of the financial statements of a given company. Commercial audits confirm that a company has the right to use the brands and products that it advertises.
How is the job of a financial manager in a nonprofit organization different from that of a financial manager with a profitseeking firmRead more: How_is_the_job_of_a_financial_manager_in_a_nonprofit_organization_different_from_that_of_a_financial_manager_with_a_profitseeking_firm
Purpose of investigation audit is to find out the evidance of the specific agenda for which investigative audit is conducted while conventional audit objective is to find out that financial statements represents the true and nature of business or not.
The purpose of an audit is to add credibility to the financial statements of a business organization.To give credence to the accounting records, accounting polices and financial statements of an audit client.
audit
Financial statement level risks are risks of materials misstatement of the financial statements. These are the same for both audit of financial statements and audit of internal control.
A concurrent safety audit is a safety audit performed at the same time as some other activity, often a financial audit.
An audit trail is a formal record or log of the financial transactions of an organization.