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In audit terminology, OBS stands for "Off-Balance Sheet." This refers to assets or liabilities that are not recorded on a company's balance sheet but can still have a significant impact on its financial health. Off-balance sheet items may include operating leases, joint ventures, or special purpose entities, and auditors must assess these to provide a comprehensive view of an entity's financial position.
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Difference between audit plan and audit program?
an audit program may contain several audit plans
What is the process of preparing an audit?
The process of preparation for audit depends on the kind of audit to be performed, it's objective and scope. The scope of the audit is key to the planning process. The planning required or statutory audit is different from internal audit; it also differs from forensic audit?
What are the advantages in having an audit committee?
the audit committee communicate with internal audit, external audit and CFO on behalf of the company.
Difference between cost audit and financial audit?
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
When is audit programme compiled?
before the start of audit
What does OBS stand for in text messaging?
On the bright side
What does the medical term obs pro mean?
To "observe" or visualize.
What does obs. mean in a dictionary?
'obs.' when used in defining terms in a dictionary stands for 'obsolete', and indicates a lesser known or rarely utilized meaning for the term.
What does CAE stand for?
Chief Audit Executive
What does LRA worldwide stand for?
Redevelopment Agency (LRA) Audit Reports
Where does mazars stand in audit firm ranking?
11th rank worldwide
What does OBS robbery mean?
Are you sure that the first letter is an "O" and not possibly a "P?" If it were a "P" it could stand for: Pocketbook Snatch Robbery. (??)
What does OBS mean in planes?
The OBS = Omni Bearing Selector
When was OBS Logistics created?
OBS Logistics was created in 1989.
When did Obs Heximer die?
Obs Heximer died in 1988.
When was Obs Heximer born?
Obs Heximer was born in 1910.
What is the term for official inspection of an individual or organisation's accounts?
An Audit
