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Auditing is not as importnat as it might seem to be. It is only important and useful for stakeholders (i.e. shareholders, bankers, investors etc) that have an interest in public corporations. Stakeholders require an assurance on management behavioursand assertions that they make in financial reports. This is the primary function of external auditors; that's is to provide a credibility to the financial information that stakeholders need to make sound business decisions. stakeholders do not need any type of information, they specifically need an error free reliable information. On the other hand, auditing for small businesses and private corporations may not be required at all because they don't post their shares on public stock exchanges!!!!
Answer:
Most common issues that arise from multiple identities are those that can cause an organization from failing to fall under the numerous regulatory acts. Financial organizations come to the forefront in this scenario. These issues can be successfully overcome by conducting identity auditing that keeps under its vigil segregation of duties and prohibiting erroneous aggregation of privileges.
Identity auditing involves access review that tracks approvals and also provides tighter controls over access to private employee data. Such controls help maintain integrity of financial and HR data. This proves that identity auditing capabilities are central to helping companies achieve regulatory compliance within a reasonable cost.
What else can I help you with?
Why is it important to know the access time of a storage media?
for auditing and concurrency
Why is important to know the access time of a storage media?
for auditing and concurrency
What has the author J Donald Warren written?
J. Donald Warren has written: 'Handbook of Accounting and Auditing' 'Continuous auditing' -- subject(s): Auditing, Internal, Internal Auditing
What has the author Vivian R V Cooper written?
Vivian R. V. Cooper has written: 'Manual of auditing' -- subject(s): Auditing 'Student's manual of auditing' -- subject(s): Auditing
What is Auditing practices and methodology of firms?
What is Auditing practices and methodology of firms?"
What is meant by auditing?
auditing is a review process,usually of accounting procedures
How auditing begins where accounting ends?
Auditing begins where Accountancy ends.
What is the first step in auditing access to a NTFS folder?
enable login auditing
When was Central Auditing Organization created?
Central Auditing Organization was created in 1942.
What did the Auditing Standards Board do in response to the Treadway Commission report?
The Auditing Standards Board (ASB) of the AICPA issued ten new auditing standards in 1988.
What has the author James Roth written?
James Roth has written: 'Four approaches to enterprise risk management' -- subject(s): Auditing, Internal, Internal Auditing, Risk management, United States 'Adding value' -- subject(s): Accounting, Auditing, Internal, Internal Auditing, Value added 'Control model implementation' -- subject(s): Auditing, Internal, Case studies, Internal Auditing
What is the definition of auditing?
Auditing is the examination and evaluation of financial statements to check financial accuracy.
