Environmental Auditing Guide

This course is the first in a two-part series that deals with auditing a company 's financial reports, internal controls, and

Compare the primary auditor objectives in auditing historical financial statements to auditing internal controls over financial reporting. Identify at least two (2) objectives that are the most significant in reducing the risk of reporting errors or misstatements in financial statements. Provide a rationale for your response.

Describe how you would conduct the audit process, incorporating the analytical procedures you would use to investigate selected business transactions?

Two types of audits are conducted: internal control and performance audits. The internal audit is done to ensure that an agency is keeping proper records, adhering to policies and procedures. It evaluates and tests rules and regulations to ensure officials use public resources with integrity. On the other hand, Performance Audits assess how efficiently and effectively a local government runs aspects of its

There are four things that an auditor needs to assess prior to performing an audit:

Discuss the audit risk model, and ascertain which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Justify your response.

Auditing standards that give guidance for internal control reporting are AS 2 & AS 5.

In this report I will be justifying why I have decided to choose these six test for my client these six test include:

This paper contains the summary of the details and results of the audit tests on

Environmental auditing is a systematic, documented, periodic and objective process in assessing an organization 's activities and services in relation to:

According to our retired informant, Air Liquide promoted their company on an international scale for only the past 25 years by focusing on finding new purpose for the gas to improve consumers’ processes. He explains that one of the main goals of research and development is to pursue related diversification. As an example, our informant described the process by which fibreglass is made.

There are many considerations when selecting a location to conduct business and this decision should include more factors than cost alone. The selection process should also include a risk analysis that examines the additional risks associated with the physical security as well as risk brought about by natural or man-made disasters. By employing such consideration not only protects an organization’s assets, but also provides a roadmap to develop methods and procedures for the successful deployment of physical access controls as well as the development Disaster Recover plans (DRPs) and business continuity plans (MMB, 2012). This may be a daunting task to complete as there are a large number of variables that can disrupt

The Shard uses a CHP (combined heat and power) plant, which provides 1.131MW of electricity and 1.199MW of hot water at high efficiency to the surrounding area. The CHP system utilises waste heat for heating and hot water. This system reduces carbon emissions and also contributes to low carbon footprint of building. The Shards consumption will be more than 30% less than other comparable buildings. There are significant cost savings for CHP versus separate purchase of electricity and gas from national grid. This is an imperative factor, as for running such a large and dominant building in the City of London it is essential that costs are kept to minimum to avoid corruption. It is also recognisably a more healthy and efficient option for the environment.

3 pillars of effective internal audit services- independence and objectivitiy, proficiency, and due professional care.

The evolution of environmental auditing has lead to new approaches and tools. More recent certificate programs, such as ISO 14000, stress EMS’s in addition to compliance with regulations. Some companies use audits to examine energy efficiency, while others use environmental audits to help in pollution control, improved production, health, safety and the conservation of natural resources. Although environment and energy audits perform functions similar to other types of audits, they have several distinguishing factors that are unique to the field of environmental and energy policy. Throughout our presentation we will be focusing on comparing and contrasting environmental audits and energy audits.