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What are audits and are they useful?

audits are....................


What are the three main types of audits?

The three main types of audits are financial audits, operational audits, and compliance audits. Financial audits focus on financial statements and records to ensure accuracy and compliance with regulations. Operational audits assess efficiency and effectiveness of processes and procedures. Compliance audits verify adherence to laws and regulations.


Actions you can take using the Federal Reserve?

monthly audits & use open-market operation.


Who audits Amazon.com?

Ernst & Young audits Amazon.


What is independent social audits?

Independent social audits


What types of audits do governmental agencies undergo?

Audits of governmental agencies are typically both financial and compliance audits.


How many time may bank take audit in a year?

Banks typically undergo audits at least once a year, but the frequency can vary depending on regulatory requirements, the bank's size, and its risk profile. Some banks may have more frequent internal audits and external audits, potentially quarterly or semi-annually, to ensure compliance and effective risk management. Additionally, regulatory bodies might mandate additional audits in response to specific issues or concerns.


When was California Bureau of State Audits created?

California Bureau of State Audits was created in 1993.


What has the author Rhett D Harrell written?

Rhett D. Harrell has written: 'Single Audits 2002 (Miller Engagement)' 'Developing a Financial Management Information System for Local Governments' '2000 Miller Local Government Audits (Miller Engagement Series)' 'Miller Single Audits 1998/99' 'Single Audits' 'Local Government Audits 2001' '2001 Miller Single Audits' 'Miller single audits'


What are the elements of safety audit program?

-Compliance auditing -hazard specific audits -Management system audits.


What are the key differences between tax audits and financial audits?

Tax audits focus on verifying the accuracy of tax returns and compliance with tax laws, while financial audits examine the overall financial statements and internal controls of a company for accuracy and compliance with accounting standards.


An independent accountant who performs financial audits is a?

An Independent accountant who performs financial audits are called "External Auditors".