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Following are two types of tests:
- Control test
- Compliance test
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What are the two types of audit tests?
test of controls and substansive tests
What are the types of audit report?
There are four types of Audit Reports 1. Standard Unqualified 2. Unqualified with explanatory paragraph 3. Qualified and 4. Adverse
Meaning of private audit?
when the audit is not a statutory requirement , but is conducted at the desire of owners , such an audit is private audit . the audit is conducted primarily forr their own interest. At times the private audit may become a requirement under tax laws , if the turnover exceeds a specified limit. private audit is of the following types : 1 audit of sole proprietorship 2 ,, ,, partnership firms 3 ,, ,, individuals accounts 4 ,, ,, institutions not covered by statutory audit
Should the results of inconclusive audit tests be included in audit workpapers?
Published papers should be conclusive in all aspects. Inconclusive paper might be not worthy for the reader which gives only the problems.
What is the difference between Audit and Inspection?
Dear Friends, I would like to answer the question as below: Inspection is an observation. Inspection is to examine closely any equipment or facility. It may be formal(with a plan and a check-list) or informal.Examples: 1. Inspection of a Fire Tender with a checklist for its operability, worthiness of its fire water pump , fire monitor etc.2. Inspection of the tank shell for finding any deformity, thinning etc. Audit is a process of evaluation and to measure performances that is based on Standards & Guidelines, identifies the compliance & non-compliance based on Standards and is neutral. There are three types of audit namely: 1) Legal Compliance Audit 2) Internal Standards Audit 3) System Audit Audit is the verification of a Process, a System or a Procedure. Examples:1. Audit of Firewater pump house. 2. Audit of a Process Plant 3. Audit of Quality Control Laboratory. Here the systems and processes are verified with respect to a documented procedure. Thus the audit of a quality control laboratory will involve the verification of the existence of the quality control procedure, sampling procedure, reporting procedure etc. Learn more about the difference between a home inspection and energy audit by visiting: http://jimbushart.wordpress.com/2012/06/14/difference-between-the-home-inspection-and-the-energy-audit/
What are the two types of audit tests?
test of controls and substansive tests
The types of Cost Audit?
types of audit approach
Types of operational audit?
types of operational audit?
What is an audit. Types of audit?
TOBBACCO
What are the types of audit report?
There are four types of Audit Reports 1. Standard Unqualified 2. Unqualified with explanatory paragraph 3. Qualified and 4. Adverse
What are the types of tax audit?
from my view and what i learned, there is only two types of tax audit that includs (a) desk tax audit (b) field tax audit
3 general types of quality audits?
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
At what point in the audit are tests of details most appropriately designed?
perform analytical procedures and tests of balances
Explain the various types of conflict?
various types of audit
Meaning of private audit?
when the audit is not a statutory requirement , but is conducted at the desire of owners , such an audit is private audit . the audit is conducted primarily forr their own interest. At times the private audit may become a requirement under tax laws , if the turnover exceeds a specified limit. private audit is of the following types : 1 audit of sole proprietorship 2 ,, ,, partnership firms 3 ,, ,, individuals accounts 4 ,, ,, institutions not covered by statutory audit
What types of tests are there to measure intelligence?
IQ tests
Should the results of inconclusive audit tests be included in audit workpapers?
Published papers should be conclusive in all aspects. Inconclusive paper might be not worthy for the reader which gives only the problems.
