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internal auditors perform an operational audit as part of their assurance services they render to oganisations.
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What is asserted in an operational audit?
In an operational audit, the management of an organization asserts that the operations of the organization are being conducted in accordance with management's established policies and procedures.
Example of operational audit?
purchase, marketing, selling and distribution expenses, production
What is operational audit?
Process to determine ways to improve production. Contrast with external-audit, which relates to financial statements.Operational audit focuses on managerial effectiveness rather than accuracy of financial reports.
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.
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.
Who performs an operational audit?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
Who perform operation?
internal auditors perform an operational audit as part of their assurance services they render to oganisations.
Types of operational audit?
types of operational audit?
Who perform audit?
C.A. chartered acountant to perform the audit
What is the difference between an operational audit and a performance audit for an internal audit department?
operational audit means auditing how the operations of a work are going right or not but performance audit means auditing how the performance of a particular work is going right or not
What is asserted in an operational audit?
In an operational audit, the management of an organization asserts that the operations of the organization are being conducted in accordance with management's established policies and procedures.
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
Example of operational audit?
purchase, marketing, selling and distribution expenses, production
What is operational audit?
Process to determine ways to improve production. Contrast with external-audit, which relates to financial statements.Operational audit focuses on managerial effectiveness rather than accuracy of financial reports.
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 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.
