What is an audit? Why is an audit so often considered to be the final phase...
What is an audit? Why is an audit so often considered to be the final phase of a budgetary process?
Homework Answers
Audit means examination and inspection of books and records of an organisation by an independent auditor.
The final stage of a budgetary process is audit phase. It is concerned with verifying whether the organisation's operations and activities were carried out correctly and in accordance with acceptable standards. Audit serves following purposes:
a.Whether the resources of an organisation being used appropriately
b.whether organisation comply with applicable laws and statutes
c.evaluating effectiveness of program performances.
d. uncovering frauds waste and mismanagement.
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What is an audit? Why is an audit so often considered to be the final phase...
Respond to the following in a minimum of 175 words: The final phase of an audit...
Respond to the following in a minimum of 175 words: The final phase of an audit is addressing contingent liabilities and their relation to the audit. Discuss a review for contingent liabilities, letters from the client’s lawyers and post-balance-sheet review for subsequent events.
Respond to the following in a minimum of 175 words: The final phase of an audit...
Respond to the following in a minimum of 175 words: The final phase of an audit is addressing contingent liabilities and their relation to the audit. Discuss a review for contingent liabilities, letters from the client’s lawyers and post-balance-sheet review for subsequent events. Please do not do a copy paste from another site that has been marked incorrect...I have seen this in a prior question answered. Thanks for your assistance!
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Analytical procedures are used during the planning phase of the audit, during the testing phase of the audit, and at the end of the audit. Match a purpose of performing the analytical procedures to the audit phase Planning phase (Preliminary analytic review) [选择] Test phase (Analytical procedures) [选择] Final phase (Final analytic review) | [ 选择] Ižt] To obtain evidence to support an account balance To determine that the auditor has a solid understanding of any variances from prior period...
8. Why is the inflammatory phase in wound healing often called the "lag phase"? A. In this phase, dehiscence rarely occurs B. Wound strength is at its lowest during this phase C. It's marked by fibroblasts and endothelial cells entering the wound D. It begins after the proliferative phase O O
why is the uricase method for uric acid often considered preferable to the phosphotungstic acid method?
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