0
What else can I help you with?
What is resource audit?
A resource audit is the process by which employees ensures that the business or a project has all the resources it needs to complete work. Done correctly, resource audits improve efficiency.
What is an audit independence?
Audit independence means that audit department is completely independant from the mangement of business and there is no interfarence or reliance of audit department on owners of business.
Explain the word scope of an audit.?
The scope of an audit refers to the extent and boundaries of the audit process, defining what will be examined and the specific areas of focus. It includes the objectives, timing, and the resources allocated to the audit, as well as the criteria against which performance will be evaluated. The scope is crucial in determining the audit's depth and breadth, ensuring that all relevant aspects of the entity being audited are adequately covered. Ultimately, it guides auditors in planning and executing the audit effectively.
What is audit engagement?
An audit engagement is when an auditor is performing an audit on a business. They are looking at all their books to make sure the business is recording their finances correctly.
What are the contents of audit planning memorandum?
An audit planning memorandum typically includes an overview of the audit objectives, the scope of the audit, and the key risks identified in the preliminary assessment. It outlines the planned audit approach, including the timing and resources required, as well as the roles and responsibilities of the audit team members. Additionally, it may contain relevant background information about the entity being audited and any specific areas of focus or concern. Overall, the memorandum serves as a roadmap for the audit process.
Sentence with comprehensive?
The audit conducted at the business was comprehensive. In the sentence, comprehensive means that the audit encompassed all aspects of an audit.
Is audit fee an administrative expense?
Yes because audit means protecting the business (lawyers) if a customer wants to sue the business
What class of business is continuous audit applicable?
audit which type of bussness class is it applicable answer
What is qualified audit report?
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
What is the intervening variable between internal audit resources and profitability?
Quality of audit reports quality of emloyees
What does an audit achieve?
Audit is a practice to find out that does financial statements of business are prepared according to standards and policies and whether it presents the true and fair business activities or not.
What are the advantages and disadvantages of an audit?
What are advantages of human resources auditing
