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Q: What is the difference between adequacy audit and compliance audit?
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What is the difference between Financial Audit and Cost Audit Describe each of them?

between financial audit and cost audit


Difference between social accounting and social audit?

Difference between social accounting and social audit?


What is the difference between statutory and non statutory audits?

what is the difference between statutory audit and non statutory audit.


Difference between audit plan and audit program?

an audit program may contain several audit plans


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/

Related questions

Differences between audit plan and audit program?

difference between audit program audit & note book


What is the difference between Financial Audit and Cost Audit Describe each of them?

between financial audit and cost audit


Difference between social accounting and social audit?

Difference between social accounting and social audit?


What is the difference between statutory and non statutory audits?

what is the difference between statutory audit and non statutory audit.


Where can someone go to learn more about audit compliance?

There are many financial organisations where one could go for information about audit compliance. There is also the Compliance Audit Handbook produced by the DEC which gives useful information.


What is difference between informal audit and formal audit?

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What is asserted in a compliance audit?

In a compliance audit, an organization's management asserts that the organization or individual is complying with specific laws and/or regulations.


Difference between audit plan and audit program?

an audit program may contain several audit plans


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 benefits of statutory audit?

Compliance with regs.


Difference between internal audit and internal control systems?

Distinguish between internal audit and internal control.


What is the main difference between public sector audit and private sector audit?

public sector audit is different from private sector audit