Asked in Business Accounting and BookkeepingTax AuditsFinancial Statements
Business Accounting and Bookkeeping
Who performs an operational audit?
Asked in Business Law, Tax Audits, Financial Statements
What is the difference between an operational audit and a performance audit for an internal audit department?
What is asserted in an operational audit?
What is operational audit?
What is the difference between internal audit and interim audit?
Can one get an independent audit of the general liability policy at no charge?
Asked in Electronics Engineering
What is the difference between amplifier and operational amplifier?
Asked in Tax Audits, Management and Supervision
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 are the differences and similarities in audits of financial statement compliance audits operational audits?
OPERATIONAL AUDIT. An operational audit is a systematic review and evaluation of an organizational unit to determine whether it is functioning effectively and efficiently, whether it is accomplishing established objectives and goals, and whether it is using all of its resources appropriately. Resources in this context include funds, personnel, property, equipment, materials, information, space, and whatever else may be used by that unit. Operational audits can include evaluations of the work flow and http://www.answers.com/topic/propriety of performance measurements. These audits are tailored to fit the nature of the operations being reviewed. "Carefully done, operational auditing is a cost-effective way of getting a higher return from the audit function by making it helpful to operating management. COMPLIANCE AUDIT. A compliance audit determines whether the organizational unit or function is following particular rules or directives. Such rules or directives can originate internally or externally and can include one or more of the following: organizational policies; performance plans; established procedures; required authorizations; applicable external regulations; relevant http://www.answers.com/topic/contractual provisions; and federal, state, and local laws FINANCIAL AUDIT. A financial audit is an examination of the financial planning and reporting process, the conduct of financial operations, the reliability and integrity of financial records, and the preparation of financial statements. Such a review includes an appraisal of the system of internal controls related to financial function.
Differences between IS Audit nad Traditional Audit?
How does an audit manager write up a letter to the audit partner?
Asked in The Difference Between
Difference between Interim Audit and internal audit?
What is the Difference between HR audit And Financial Audit?
What is the difference between Financial Audit and Cost Audit Describe each of them?
Asked in Business & Finance, Tax Audits
What is the process of preparing an audit?
Asked in Auditioning, The Difference Between
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?