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Whats called a person facing Audit from Auditor?
A person facing an audit is called a pre-clear. This means that they have not been cleared yet by the auditor.
Define cost audit?
The purpose of a cost audit is to verify all cost accounts and ensure that the company is following the predefined cost accounting plan. This type of audit focuses on every department within an organization to ensure that costs are being managed properly.
Why would a green audit be carried out?
to help a community
What is the concept of office audit?
The concept of office audit analyses how resources are being utilized in the office. This seeks to give a true state of the matters in the office without a bias.
What is the term for official inspection of an individual or organisation's accounts?
An Audit
Stakeholders that would be interested in an audit report?
Shareholders of the company, the directors of the company, the accountant of the company and future investors or creditors
Past performance assessments may include inputs from the?
Past performance assessments may include inputs from the project team members, project stakeholders, project sponsor, vendor or supplier performance reports, lessons learned from the project, as well as internal and external audit reports.
How many audit reports were issued by the DOD and Inspector General from 1996-2002?
How many audit reports were issued by the DoD and Inspector General (IG) from 1996-2002
What is the intervening variable between internal audit resources and profitability?
Quality of audit reports quality of emloyees
How many audit reports were issued by the DoD and Inspector General (IG) from 1996-2002?
How many audit reports were issued by the DoD and Inspector General (IG) from 1996-2002
What is a SAS 70 type ii audit?
A SAS 70 type ii audit is one of two service audit reports. Both reports include the service organization's description of controls, but type ii audit also has detailed testing over the controls over a minimum of 6 month period.
Why is it necessary for the auditors to stipulate the page numbers?
Stipulating page numbers in audit reports helps ensure clarity and accuracy by allowing readers to easily locate specific information or findings. It helps auditors reference supporting documentation and assists stakeholders in understanding the context of the audit findings.
What does LRA worldwide stand for?
Redevelopment Agency (LRA) Audit Reports
What is operational audit?
Process to determine ways to improve production. Contrast with external-audit, which relates to financial statements.Operational audit focuses on managerial effectiveness rather than accuracy of financial reports.
What are the types of audit report?
There are four types of Audit Reports 1. Standard Unqualified 2. Unqualified with explanatory paragraph 3. Qualified and 4. Adverse
What has the author Laura Grace Hunter written?
Laura Grace Hunter has written: 'Suggestions for improving the language of audit reports' -- subject(s): Auditing, Preparation of Reports, Reports, Preparation of
What are the main functions of an audit?
The main functions of an audit are to provide an independent examination of financial statements to ensure they are accurate and reliable, to assess compliance with laws and regulations, and to provide assurance to stakeholders on the organization's financial health and operations.
