0
some granting agencies do not receive as much information about their grant programs as when separate grant audits are performed. As a result, some granting agencies require audit work that goes beyond the single audit requirement;
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
The types of Cost Audit?
types of audit approach
What are the disadvantages of audit report?
there may be other skills that you have that are not included Lack of follow through on the results
How did audits work before the Single Audit Act?
Before the SAA, federal agencies had the authority to require an audit of each federally funded program or activity. Thus, audit overlaps and organizational inefficiencies existed as there was no coordination among the federal agencies.
3 general types of quality audits?
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
What is the Difference between HR audit And Financial Audit?
Under HR Audit, audit of HR procedures and process is done while in financial audit, audit of finance related matters are done.
The types of Cost Audit?
types of audit approach
What are the advantages and disadvantages of external audit?
An advantage to having an external audit is the fact that the audit will not be biased. A disadvantage to external audits is the process. It can be long and invasive.
What are the disadvantages of audit report?
there may be other skills that you have that are not included Lack of follow through on the results
Describe your experience of clinical audit?
Give examples of your approach to working in a team
What did the 1996 Single Audit Act Amendments change about how federal funds trigger an audit?
Audit requirements are triggered by federal funds expended rather than funds received
What control should periodically reassess its approach to the marketplace with a good marketing audit?
strategic control
Classification by method of approach final or completed audit?
the complies that the audit is carried through to completion in one continuous., although it may be commenced before the end of the accounting period.
What is the disadvantage of single?
The disadvantage of being single, is that after a while you have the feeling of being alone. You don't always want to be alone, so you don't want to be single all the time
What did the Single Audit Act establish?
The U.S. Congress adopted the Single Audit Act (SAA; Public Law 98-502) in 1984 to establish entity-wide audit requirements for state and local governments and Indian tribal governments receiving federal financial assistance.
What is the procedure of the checking the quality of the work in audit organization?
There is no single audit is performing in the company.Like there are many audits are conducted like, Quality control,Finance,Marketing,Production etc So the quality of the AUDIT can be judged through the Results it produced after the audit,and the quality of the Company who is conducting that audit. Through this you can check this out.
What are the Advantages and disadvantages of in-house internal audit function?
Internal audits help businesses track their revenue. A disadvantage of an internal audit is the fact that it requires human resources businesses can't really afford to dedicate to audits.
What are the Advantages and disadvantages of in house internal audit function?
Internal audits help businesses track their revenue. A disadvantage of an internal audit is the fact that it requires human resources businesses can't really afford to dedicate to audits.
