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Energy Audits can be broken down in several ways. The first is by the type of facility or building:
- residential (home)
- commercial
- and industrial.
The second way to categorize audits is by how involved they are. In our case we do heavy commercial and industrial audits, and here are how we categorize our audits:
- Preliminary Audit: compare your energy use to similar companies.
- Comprehensive walk through audit: in depth look at your energy bills, your equipment, and your process. This identifies and quantifies energy savings ideas.
- DIY walk through audit: same as a comprehensive audit, but instead of having the auditor do the leg work, you (or an employee) gather data. You get 70% of the results for less than half the price.
These are the most complex - and expensive - studies. They are most often used by major corporations with intensive project approval processes, or by companies looking to implement major (and expensive) technologies. These include wind, solar PV (photo-voltaic), hot water heating, solar heating (passive & active), CHP (Combined Heat Power), CHCP (Combined Heat Cool Power), refrigeration (mechanical & absorption), heat pumps, HVAC, high efficiency electric motors, biomass, and small hydro-electric....In our experience, 95% of companies are better served by a self-walk-through audit. The recommendations are almost as accurate, and their much lower cost makes it easier to justify the investment.
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What are the three main types of audits?
The three main types of audits are financial audits, operational audits, and compliance audits. Financial audits focus on financial statements and records to ensure accuracy and compliance with regulations. Operational audits assess efficiency and effectiveness of processes and procedures. Compliance audits verify adherence to laws and regulations.
What types of audits do governmental agencies undergo?
Audits of governmental agencies are typically both financial and compliance audits.
What are audits and are they useful?
audits are....................
What is independent social audits?
Independent social audits
Who audits Amazon.com?
Ernst & Young audits Amazon.
How do you manage the internal auditing department?
The MetricStream's Internal Audit Management solution is a comprehensive application designed to help companies manage a wide range of audit-related programs, data and processes. It provides flexibility to support all types of audits - internal audits, operational audits, IT audits, supplier audits and quality audits. The solution provides end-to-end functionality for managing the complete audit lifecycle including risk assessment, audit planning and scheduling, development of standard audit plans and checklists, field data collection, development of audit reports and recommendations, review of audit recommendations by auditees and management and implementation of audit recommendations and remediation.
What is the role of an internal auditor as it relates to business finance?
An internal auditor is a company employee who independently and objectively evaluates the organization’s operations. The role of an internal auditor is to gather relevant and objective information about the organization. An internal auditor essentially serves as the eyes and ears of the company’s senior leadership and board of directors. Their assigned work may cover any area of an organization; however, their work should be directed by the audit committee. Internal audits have historically been aligned with accounting and financial reporting audits. However, there are other types of audits example, IT auditss, Operation audits and Performance audits.
When was California Bureau of State Audits created?
California Bureau of State Audits was created in 1993.
What has the author Rhett D Harrell written?
Rhett D. Harrell has written: 'Single Audits 2002 (Miller Engagement)' 'Developing a Financial Management Information System for Local Governments' '2000 Miller Local Government Audits (Miller Engagement Series)' 'Miller Single Audits 1998/99' 'Single Audits' 'Local Government Audits 2001' '2001 Miller Single Audits' 'Miller single audits'
What are the elements of safety audit program?
-Compliance auditing -hazard specific audits -Management system audits.
What are the key differences between tax audits and financial audits?
Tax audits focus on verifying the accuracy of tax returns and compliance with tax laws, while financial audits examine the overall financial statements and internal controls of a company for accuracy and compliance with accounting standards.
An independent accountant who performs financial audits is a?
An Independent accountant who performs financial audits are called "External Auditors".
