Per secretary of the Navy instruction, those we
audit should not be able to control what we
audit, the scope of our
audits, our access to information, or the people we talk to during an
audit.
Audit committees should conduct more intensive and extensive
audits on the eve of insider sales of significant amounts of stock.
It applies to both performance and financial
audits.
Issued in March 2006, the new standards are effective for
audits of financial statements for periods beginning on or after Dec.
They need to explain why (the
audits) have not taken place, and set up procedures for an
audit to take place immediately.
New Edition--Government Auditing Standards and Circular--133
Audits (No.
Rick Clayburgh, North Dakota State Tax Commissioner, said that North Dakota uses the MTC because it represents an added resource to the state's own auditors, and his presumption is that participating in MTC
audits makes it easier for the taxpayer than if it faced several separate state
audits.
Many landlords use artificial restrictions like this to discourage
audits by raising the cost of executing one.
Audit committee: A committee (or equivalent body) established by and amongst an issuer's board of directors or, if no such committee exists, the issuer's entire board of directors, to oversee the issuer's accounting and financial reporting processes and financial statement
audits (SOA Section 2(a)(3)).
The Parmalat affair," notes the Bank for International Settlements (BIS) in its 2004 Annual Report, "indicated shortcomings at every possible level: senior management, internal
audit, external
audit, bank lenders, bond underwriters, rating agencies, investment bank analysts, and the overseers of many of the above.
Many professionals now believe that the Sarbane-Oxley law will eventually demand that external, independent underwriting
audits be completed just as other financial
audits are required.
Infrared pyrometer with laser sighting: This is useful to conduct temperature
audits on all steam-heated vessels of a corrugator.
Privacy
audits are one way to monitor and influence the level of privacy protection maintained by organizations, governments, or systems.
It provides a comprehensive view of auditing by examining empirical standards, procedures, and practices and evaluations of conducting and responding to such
audits.
Environmentalists, regulators, and industry alike love the idea of
audits.