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Audit risk assessment and audit plan?
An audit is considered a risk assessment, therefore these terms are interchangeable. And audit plan can have various meanings, some consider this to be an annual audit plan which includes all the audits that will occur within a companies calendar year. Others consider this to be the plan for undertaking a specific audit. Its all in how you define the words, audit plan, audit schedule, audit check list.
Are companies required to have audit committees?
Audit committees are required by the NYSE, American Stock Exchange (AMEX), and National Association of Securities Dealers (NASDAQ/National Market System issuers).
What is MAR model audit rule?
The Model Audit Rule (MAR) or, more specifically, Model Audit Rule 205 (MAR 205), is a financial reporting regulation very similar to Sarbanes Oxley (SOX). While SOX applies to SEC registrants (Public Companies), MAR applies to insurance companies, regardless of their SEC status. Please see this for more info: http://en.wikipedia.org/wiki/Model_Audit_Rule_205
3 general types of quality audits?
3rd Party Audit - Independent Audit 2nd Party Audit- Customer Audit 1st Party Audit- Internal Audit
How does the legislation affect the internal audit process?
The two pieces of legislation that have probably had the greatest effect on internal audit are the Foreign Corrupt Practices Act of 1977, which changed the reporting relationships and authority of internal audit and Sarbanes Oxley Act of 2002 which requires certain tests be performed on publicly traded companies. Both have changed the function of internal audit. Many other pieces of legislation also affect internal audit, some are industry specific some are more broad based.
Is audit necessary for all companies?
Audit is not necessary for all companies, in some countries the small companies are exempt from audit.
Which companies are exempt from audit in Pakistan?
No institution exempted from audit
Top 10 cement companies in world?
which are top 100 cement companies in the world
What are some of the top mailing companies in the world?
Some of the top mailing companies in the world are Fedex, DHL, and Ups. These companies offer an array of mailing and shipping options throughout the world.
Why do some companies require an information security audit?
Companies require an information security audit to ensure the security is adequate. Also, the audit allows the company to decide if money is being spent properly on security.
Are UK companies required to have an internal audit function in the Isle of man?
In the Isle of Man, UK companies are not universally required to have an internal audit function. The necessity for an internal audit depends on the company's size, nature, and regulatory requirements. Public companies and certain regulated entities may have specific obligations, while private companies often do not require a formal internal audit. However, implementing an internal audit can enhance governance and risk management practices.
Top 5 textile companies in the world?
what is the top 5 textile mills in world
What are the functions of an audit department?
to audit the books of a company and the companies employees who do the books, usually accounting related
What are the functions of Audit department?
to audit the books of a company and the companies employees who do the books, usually accounting related
How to do audit of insurance company?
What kind of audit are you talking about. Audit's are done all the time on insurance companies. The Department of Insurance audits insurance companies to make sure they have paid claims that they should and not pay claims that they shouldn't. Auditing and accounting firms audit the finances of insurance companies as most of them are publicly traded companies so the SEC also has to approve of their finances. Insurance companies are audited every year and all the time.
Is tcs in fortune top 500 companies?
No, Its not a fortune 500 company.But its one of the top IT company which should be in top 500 companies of the world.
Which are the top 10 joint venture companies in the world?
joint venture companies
