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test of controls and substansive tests

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Q: What are the two types of audit tests?
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What are the 2 types of Audit Tests?

Following are two types of tests:Control testCompliance test


What are the types of audit report?

There are four types of Audit Reports 1. Standard Unqualified 2. Unqualified with explanatory paragraph 3. Qualified and 4. Adverse


Should the results of inconclusive audit tests be included in audit workpapers?

Published papers should be conclusive in all aspects. Inconclusive paper might be not worthy for the reader which gives only the problems.


Meaning of private audit?

when the audit is not a statutory requirement , but is conducted at the desire of owners , such an audit is private audit . the audit is conducted primarily forr their own interest. At times the private audit may become a requirement under tax laws , if the turnover exceeds a specified limit. private audit is of the following types : 1 audit of sole proprietorship 2 ,, ,, partnership firms 3 ,, ,, individuals accounts 4 ,, ,, institutions not covered by statutory audit


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.

Related questions

What are the 2 types of Audit Tests?

Following are two types of tests:Control testCompliance test


What are the types of tax audit?

from my view and what i learned, there is only two types of tax audit that includs (a) desk tax audit (b) field tax audit


The types of Cost Audit?

types of audit approach


Types of operational audit?

types of operational audit?


What is an audit. Types of audit?

TOBBACCO


3 general types of quality audits?

3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit


At what point in the audit are tests of details most appropriately designed?

perform analytical procedures and tests of balances


What are two types of SAT tests?

The two types are the original SAT Test with three sections and the Subject Tests. Subject tests cover a variety of high school topics such as physics, biology, math, and foreign languages.


Explain the various types of conflict?

various types of audit


What are the types of audit report?

There are four types of Audit Reports 1. Standard Unqualified 2. Unqualified with explanatory paragraph 3. Qualified and 4. Adverse


How does the legislation affect the internal audit process?

The two pieces of legislation that have probably had the greatest effect on internal audit are the Foreign Corrupt Practices Act of 1977, which changed the reporting relationships and authority of internal audit and Sarbanes Oxley Act of 2002 which requires certain tests be performed on publicly traded companies. Both have changed the function of internal audit. Many other pieces of legislation also affect internal audit, some are industry specific some are more broad based.


What types of amino acid screening tests are performed?

Two types of amino acid screening tests are used together to diagnose amino acid disorders.Blood plasma screening.Urine test.Both these tests use thin layer chromatography to separate the amino acids present.