audit procedures

24 examples (0.03 sec)
  • There also was debate over how to implement audit procedures.
  • The company created quality assurance and audit procedures.
  • DR is the probability that the audit procedures may fail to detect existence of a material error or fraud.
  • Generally auditor deploy following audit procedures to conduct the management audit.
  • Risk assessment procedures are used to assist the auditor to better understand the business and to plan the nature, timing, and extent of audit procedures.
  • Traditional manual audit procedures are labor and time intensive, which limits audit frequency to a periodic basis, such as annually.
  • They must perform audit procedures (some of which are suggested by the Compliance Supplement) to meet these audit objectives.
  • Katz's committee recommended sweeping changes to the standard of care, audit procedures, and better enforcement of quality assurance practices by both nursing home facilities and oversight organizations.
  • Analytical procedures are one of many financial audit processes which help an auditor understand the client's business and changes in the business, and to identify potential risk areas to plan other audit procedures.
  • When an auditor is unable to apply all the audit procedures that are considered necessary, either by circumstances, engagement, or client limitation, the audit is limited in scope.
  • Two different auditors auditing even the same entity might generate differing scopes of audit procedures, solely based on the "planning materiality" definition used.
  • The auditor must review the program's contract and grant agreements and referenced laws and regulations to identify unique compliance requirements, and develop audit objectives and audit procedures under this section.
  • Independence is a vital safeguard for fulfilling the Auditor General's responsibilities objectively and fairly based solely on the evidence found while conducting proper audit procedures.
  • The auditor's judgment is necessary to determine which audit procedures are sufficient to achieve the audit objectives, and whether additional or alternative audit procedures are needed to achieve such objectives.
  • It is not necessary to design audit procedures solely to identify conditions and events that, when considered in the aggregate, indicate there could be substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.
  • The auditor uses assertions in assessing risks by considering potential misstatements that may occur, and thereby designing audit procedures that are responsive to the particular risks.
  • Automated vote counting is seen by some to have a greater potential for election fraud; IRV supporters counter these claims with recommended audit procedures, or note that automated counting is not required for the system at all.
  • In order to be comprehensive, the audit procedures should cover the audit scope, frequency, and methodologies, as well as the responsibilities and requirements for conducting audits and reporting results.
  • Since the auditor must provide an opinion to the federal government on whether the recipient and its programs complied with laws and regulations, the auditor performs sufficient tests and audit procedures (also known as audit work) to confirm the opinion is correct.
  • In 1941 it issued a pamphlet titled Statements on Auditing Procedure, which discussed the auditor's responsibility in applying judgment in audits.
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