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What would happen to a medical practice that did not record charges?
If a medical practice did not record charges, a number of things might occur. One of them could be an audit, if a practice isn't recording their earnings then that sort of thing would shoe up in an audit.
What is the accounting journal entry to record audit fees?
If paid in cash use the following accounts: A debit to Audit Fee Expense A credit to Cash If the fee is going to be paid at a later date use the following accounts: Debit to Audit fee expense Credit to Audit fee payable Once the fee is paid then we use the following accounts Debit to Audit fee payable Credit to Cash a/c
What are the differences between accounting and auditing?
AnswerThe word audit has two meanings. The first is the security audit, whereby a consulting firm comes in and validates a companies security profile. This is similar to how accounting firms review a company's books. The second term is infosec specific, and means an "auditing" subsystem that monitors actions within the system. For example, it may keep a record of everyone who logs onto a system. Such a record is known as an audit trail.
What is the difference between Financial Audit and Cost Audit Describe each of them?
between financial audit and cost audit
Difference between audit plan and audit program?
an audit program may contain several audit plans
What is an audit trail?
An audit trail is a formal record or log of the financial transactions of an organization.
In the telecom industry what is an audit?
An audit in the telecom industry could be one of several things. First, it could be an accounting audit to record financial statistics. Second, it could be an audit on the compliance of ISO standards for hardware, software or processes. Lastly, it could be a health and safety audit on workplace conditions.
What log do you use to record events based on audit policies?
Security Logs
What is gaap for accounting for audit fees you intend to record the estimated current year audit fees to the provision for audit fee account your CPA states you cannot accure until service is rendered?
You are booking a known expense.
What is a baseline audit in health and safety?
A baseline audit in health and safety is an audit of all or part of a health and safety program, the results of which will be used as a point of comparison (a baseline) when a future audit is performed. With a baseline audit in the record, it is possible after future audits to tell whether there have been improvements or declines in health and safety performance.
What would happen to a medical practice that did not record charges?
If a medical practice did not record charges, a number of things might occur. One of them could be an audit, if a practice isn't recording their earnings then that sort of thing would shoe up in an audit.
Which medical record system has a standard format that makes it easy to read and audit?
progress note
What is the accounting journal entry to record audit fees?
If paid in cash use the following accounts: A debit to Audit Fee Expense A credit to Cash If the fee is going to be paid at a later date use the following accounts: Debit to Audit fee expense Credit to Audit fee payable Once the fee is paid then we use the following accounts Debit to Audit fee payable Credit to Cash a/c
What logs record events based on audit policies which an administrator sets to monitor user activity?
security log
What are the differences between accounting and auditing?
AnswerThe word audit has two meanings. The first is the security audit, whereby a consulting firm comes in and validates a companies security profile. This is similar to how accounting firms review a company's books. The second term is infosec specific, and means an "auditing" subsystem that monitors actions within the system. For example, it may keep a record of everyone who logs onto a system. Such a record is known as an audit trail.
Differences between IS Audit nad Traditional Audit?
what is the differences between IS Audit and traditional Audit?
3 general types of quality audits?
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
