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The government and companies

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Daija Kreiger

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Who might be likely to have carried out a green audit?

The government and companies


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.


Should the results of inconclusive audit test 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.


How many people should perform the audit?

The number of people needed to perform an audit typically depends on the size and complexity of the organization and the audit scope. Generally, a small audit might require a team of 2-3 auditors, while larger audits could involve a team of 5-10 or more. It's essential to ensure that the team has a mix of skills and expertise relevant to the audit to ensure thoroughness and accuracy. Ultimately, the goal is to balance adequate coverage with efficiency.


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

Who might be likely to have carried out a green audit?

The government and companies


What is the importance of audit evidence?

The importance of an internal audit is to make sure that accounts are being handled the way they are supposed to be handled according to the laws of the state. Another reason for an internal audit might be to prevent fraud or theft.


Where can one find more information about IT audit jobs?

There are many places one might go to find more information concerning IT audit jobs. In addition to the local employment office, one might also try the Monster website.


A blank is a thorough examination of each aspect of the network to determine how it might be compromised?

security audit


How does the IRS notify someone of an audit?

The IRS has a few different ways to inform someone that they are going to conduct an audit. They'll send out the information through the mail, but they might also call and email. Either way, a person about to be audited will be notified prior to the actual audit.


What might Persephone might have carried?

I think she carried a basket so that she could pick her beautiful flowers before she got forced to marry Hades.


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.


Should the results of inconclusive audit test 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.


What would eat the head off a toad and leave the body?

Sounds like a cat. Could be a raccoon, but a raccoon is likely to finish the meal. A fog might, but is likely to tear up the rest of the carcass. A ferret or mink would have carried it back to its nest. So, a cat is the most likely suspect.


What is the difference between a safety inspection and a safety audit?

In most cases there is no real difference between a safety inspection and a safety audit. Some companies may choose to use the terms to describe different activity levels. For example, an inspection might be performed each week by a local supervisor, while an audit might be done once a year by a team from corporate management, or vice versa.


What is the difference between statutory audit and non -statutory audit?

Statutory audits are reviews of a business or governments financial records as required by law. Non-statutory are audits not required by legal statute but needed because of some other reason. A non-statutory might be needed if some issue is brought to light such as an irregularity in the way business is being done or perhaps in the case where some type of intentional actions such as an incompetent accountant or even embezzlement was discovered, to find out the extent of the issue.


How many people should perform the audit?

The number of people needed to perform an audit typically depends on the size and complexity of the organization and the audit scope. Generally, a small audit might require a team of 2-3 auditors, while larger audits could involve a team of 5-10 or more. It's essential to ensure that the team has a mix of skills and expertise relevant to the audit to ensure thoroughness and accuracy. Ultimately, the goal is to balance adequate coverage with efficiency.