0
What else can I help you with?
Who Perform operational audit?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
Is tax audit a statutory audit?
no because tax audit is perform to fair tax calculation and payment purpose.and statutary audit is perform as per company act.it is mandatory but above the prescribe limit satish pathak
Who performs an operational audit?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
What is the Purposes of an external audit?
To have an objective outside accounting firm with no interest in the outcome perform the audit to ensure it is truthful and correct.
Who perform operation?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
In a care setting can night staff do the monthly audit or does it have to be factual ie only do the night audit not the day?
In a care setting it is usually faculty that does the not night audit, but in some cases the night staff does perform the monthly audit.
What are the requirements for one to perform a SAS 70 home audit?
The requirements for one to perform a SAS 70 home audit are listed in a manual that can be read at your local attorney at laws home office, and then can be filled out in the same location.
How can an investor verify the validity valuation and Existence of the Accounts Receivable?
Answer:Investors usually cannot verify the amount of accounts receivable. In order to do this, investors would need to perform an audit. This is why an audit by an external auditor has value to investors. The auditor visits the copmay to perform an audit. While performing the audit, the company is supposed to give the auditor full access to all files/records. The auditor reports its findings of the audit in the annual report.
Why is it difficult to perform a truly indpendent audit?
It is difficult to perform a truly independent audit because auditors will have their own biases. Also, auditors are paid by someone and may feel inclined to provide reports that favor the one paying them.
How many people should perform the audit?
The number of people needed to perform an audit typically depends on the size and complexity of the organization and the audit scope. Generally, a small audit might require a team of 2-3 auditors, while larger audits could involve a team of 5-10 or more. It's essential to ensure that the team has a mix of skills and expertise relevant to the audit to ensure thoroughness and accuracy. Ultimately, the goal is to balance adequate coverage with efficiency.
How many times can IRS perform an audit?
As often as it feels that it is necessary for the proper administration of the tax code.
At what point in the audit are tests of details most appropriately designed?
perform analytical procedures and tests of balances
