What is a compliance audit and how does it differ from an operational audit?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
A compliance audit is simply an audit to determine whether operations ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Question Posted:
Students also viewed these Auditing questions
-
What is a mood? How does it differ from an emotion? How do moods influence consumption behavior?
-
What is an audit client? How does it differ from an auditee?
-
What is goodwill ? How does it differ from an intangible asset? Why is a company's internally-generated goodwill not recorded in its accounting records?
-
The following information is computed from Fast Food Chains annual report for 2006. 2006 2005 Current assets $ 2,731,020 $ 2,364,916 Property and equipment, net 10,960,286 8,516,833 Intangible...
-
What structural feature is responsible for the increased ductility and fracture resistance of malleable cast iron? How is malleable cast iron produced?
-
Addison Parker (Social Security number 123-45-6785), single and age 32, lives at 3218 Columbia Drive, Spokane, WA 99210. She is employed as regional sales manager by VITA Corporation, a manufacturer...
-
Helen Thorne, a retail jeweller, extracted the following trial balance for her business as at 31 May 2009. Dr Cr Revenue 324,650 Customer returns 1,250 Opening inventory, 1 June 2008 34,500 Purchases...
-
The estimated daily living costs for an executive traveling to various major cities follow. The estimates include a single room at a four-star hotel, beverages, breakfast, taxi fares, and incidental...
-
The weekly marginal revenue from the sale of x pairs of tennis shoes is given by the equation below, where R(x) is revenue in dollars. R'(x)=41-0.03x+ 200 x+1' R(0) = 0 Find the revenue function....
-
Part I of this case, presented in Chapter 3, discussed the situation of D'Leon Inc., a regional snack foods producer, after an expansion program. D'Leon had increased plant capacity and undertaken a...
-
Define the following types of internal audits: Risk analysis. Information reliability. Effectiveness of controls. Operational effectiveness and efficiency. Conformance with regulatory...
-
What are the major determinants in designing a compliance audit program?
-
On Glassdoor, search for a company for which you might like to work. How well is management responding to reviews? Discuss your analysis in small groups.
-
Design an algorithm for implementing a simple calculator. We first prompt the user for two numbers on which they want to perform a calculation, and then the operation they want to perform. The user...
-
Suresh Company reports the following segment (department) income results for the year. Sales Expenses Department M $ 75,000 Department N $ 41,000 Department 0 $ 68,000 Department P $ 51,000...
-
The first step in CDCynergy's suggested 6 step framework for creating effective social marketing plans is: Market Strategy Market Research Problem Description Message TestingWhat type of data relies...
-
The roots of an equation are values that make it zero. For example, x - 1 X 0 (x 1)(x + 1) = 0 I Then x = 1 or x = -1 makes eq. 13 zero. Let's verify this. Taking x = 1 1 1 = 1-1=0 I1 (15) For a...
-
Blue Dingo uses a standard costing system. The company's standard costs and variances for direct materials, direct labor, and factory overhead for the month of May are as follows: Direct materials...
-
What are the primary differences between financial and managerial accounting?
-
What is a manufacturing system?
-
What are some of the benefits of expanding microcredit programs, and what are some of its potential limits?
-
What factors determine a company's bond rating? MINI CASE Sam Struthers and Shawna Tibbs are vice-presidents of Mutual of Seattle Insurance Company and co-directors of the company's pension fund...
-
If this firm were to default on the bonds, would the company be immediately liquidated? Would the bondholders be assured of receiving all of their promised payments? MINI CASE Sam Struthers and...
-
Describe briefly the legal rights and privileges of common stockholders. MINI CASE Sam Struthers and Shawna Tibbs are senior vice presidents of the Mutual of Seattle. They are co-directors of the...
-
ity Mode] - Word (Product Activation Failed) cI AaBbCcD AaBbC AaBbCcDd AaBbCcL AaBbCcL AaBbCcL mal Subtitle Title 1 No Spac... Table Pa... Subtle Em... Emphasis Styles UKAF3073 CORPORATE REPORTING...
-
Speedy Auto Repairs uses a job-order costing system. The company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly...
-
Venice InLine, Incorporated, was founded by Russ Perez to produce a specialized in-line skate he had designed for doing aerial tricks. Up to this point, Russ has financed the company with his own...
Study smarter with the SolutionInn App