Statements Internal auditing is an improve an organization's operations. objective assurance and consulting activity designed to add value and An operational audit focuses on the efficiency, effectiveness, and of operations. involves a meeting of the operational auditors and the persons directly concerned with the An operations audited to discuss the audit findings. In an audit in accordance with Government Auditing Standards, the auditors report on the organization's internal control. and on In an audit in accordance with the Single Audit Act, violations of laws and regulations that are estimated to have a material effect on an organization's financial statements are referred to as
Statements Internal auditing is an improve an organization's operations. objective assurance and consulting activity designed to add value and An operational audit focuses on the efficiency, effectiveness, and of operations. involves a meeting of the operational auditors and the persons directly concerned with the An operations audited to discuss the audit findings. In an audit in accordance with Government Auditing Standards, the auditors report on the organization's internal control. and on In an audit in accordance with the Single Audit Act, violations of laws and regulations that are estimated to have a material effect on an organization's financial statements are referred to as
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Auditing: Integral To The Economy
Section: Chapter Questions
Problem 41RSCQ
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Compliance with laws and regulations
Direct and material
Economy
Exit conference
Foreign corrupt practices act
Independent
Institute of internal auditors
Material instances of noncompliance
Preliminary survey
Single audit act
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