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A desk audit is a follow up review of your results as well as how you arrived at them. If you follow the current best practices and policies of your department, you should be fine. I have seen them used for real estate appraisals and reclassification of government jobs.

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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.


In developing an overall audit strategy an auditor should consider?

In developing an overall audit strategy, an auditor should consider the nature of the entity being audited, including its industry, regulatory environment, and internal controls. They should also assess the risks of material misstatement, both inherent and control risks, to tailor the audit approach effectively. Additionally, the auditor should take into account the resources available, including time and personnel, and ensure that the strategy aligns with the objectives of the audit. Lastly, communication with the client and understanding their expectations is crucial for a successful audit outcome.


How far back can a state audit you in Ohio?

In Ohio, a state audit can generally go back up to three years from the date of the audit. However, if there are indications of fraud or substantial underreporting of income, the state may extend the audit period to six years. It's important for taxpayers to maintain accurate records, as this can impact the duration and outcome of an audit. Always consult a tax professional for specific situations.


What is audit record?

An audit record, also known as an audit log, is a chronological record of events, actions, or transactions that occur within a system or process. It captures details such as the time of the event, the user involved, the action taken, and the outcome. Audit records are essential for tracking compliance, enhancing security, and facilitating forensic analysis in case of irregularities or breaches. They help organizations maintain accountability and ensure transparency in their operations.


Should audit fees be based on profits?

Audit fees should not be based on profits, as this could create a conflict of interest and compromise the auditor's objectivity. Fees linked to profits might incentivize auditors to overlook or downplay potential issues to ensure a favorable financial outcome for the client. Instead, audit fees should be determined by the complexity and scope of the audit work required, ensuring independence and integrity in the audit process. This approach maintains trust in financial reporting and the auditing profession.

Related Questions

What are the types of tax audit?

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What is the Purposes of an external audit?

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What is an ISO desk study internal audit?

I'd rather say : " an internal audit desk study", if I refer to my ISO27001 practice. During the audit course, the " desk study " phase precedes the on-site phase. On your desk, you assess the documentation provided by the auditee, against the standard to evaluate chosen solutions cover the demands of the standard. On site, you check the eye-witnessed implementation of the promised measures, assessing the real system against the declaration.


What is the outcome of the test to run to create the program that will chick if inputted number is even or odd?

The outcome of the test would be "run successful" or "run failed".The outcome of the test would be "run successful" or "run failed".The outcome of the test would be "run successful" or "run failed".The outcome of the test would be "run successful" or "run failed".


What is key to a successful outcome of a pallidotomy?

The key to successful outcome in pallidotomy is extremely precise placement of the electrode.


What is the function of a desk?

what a function of a reservation,front desk,telephone operator,cashier,bellmen,doorman,concierge,night audit,guest relation,business center.


In developing an overall audit strategy an auditor should consider?

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What happens to your tax refund if you get audited?

If you get audited, your tax refund may be delayed or reduced depending on the outcome of the audit.


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How far back can a state audit you in Ohio?

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What was the outcome of jem mission?

The mission was successful and achieved its objectives.