Distinguish among the following types of operational audits: functional, organizational, and special assignment. State an example of

Question:

Distinguish among the following types of operational audits: functional, organizational, and special assignment. State an example of each for a not-for-profit hospital.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

See More Books

Question Posted: Oct 10, 2012 07:08 AM

See More Questions

Distinguish between the following types of performance audit: functional, organisational and special assignment. Give an example of each for a public hospital.
Distinguish among the following three risks: risk-free interest rate, business risk, and information risk. Which one or ones does the auditor reduce by per-forming an audit?
Distinguish between the following types of current period supporting schedules and state the purpose of each: analysis, trial balance, and tests of reasonableness.
Identify the implied strategies that correspond with the Department of Veterans Affairs Healthcare System High Matrix Score on SWOT quadran that they might look like at your HSO. Also explain why...
Let P be an orthogonal matrix. (a) Give 2 2 examples of P such that det P = 1 and det P = -1. (b) If P is n n and det P (-1)n, show that I - P has no inverse.
18.4 The retained profits of Ondex Ltd were as follows: For the year Carried forward Year l 200,000 200,000 Year 1 Year 3 210,000 250,000 410,000 660,000 The chairman, in his report, says that...
Explain the special issues that may arise in a purchase, and show how to account for them. AppendixLO1
In Cambodia, 6 laborers, each making the equivalent of $3 per day, can produce 40 units per day. In China, 10 laborers, each making the equivalent of $2 per day, can produce 45 units. In Billings,...
You have bought a new laptop using lease financing. Based on lease contract you will need to pay 45 per month for next three years. If the (annual) discount rate is 6% how much this laptop costs for...
Estimate the common logarithm of 10 using-linear interpolation. (a) Interpolate between log 8 = 0.903900 and log 12 = 1.0791812. (b) Interpolate between log 9 = 0.9542425 and log 11 = 1.0413927. For...
Distinguish between efficiency and effectiveness in operational audits. State one example of an operational audit explaining efficiency and another explaining effectiveness.
Explain why many people think of internal auditors as the primary group responsible for conducting operational audits.
Let $\left(B_{t}ight)_{t \geqslant 0}$ be a $\mathrm{BM}^{1}$. Use Theorem 12.5 to show that $\kappa(t)=(1+\epsilon) \sqrt{2 t \log |\log t|}$ is an upper function for $t ightarrow 0$. Data...
16. List I describes four systems, each with two particles A and B in relative motion as shown in figures. List II gives possible magnitude of their relative velocities (in m s) at time t = 3 S....
17. List I describes thermodynamic processes in four different systems. List II gives the magnitudes (either exactly or as a close approximation) of possible changes in the internal energy of the...
1. 2 mol of Hg(g) is combusted in a fixed volume bomb calorimeter with excess of O2 at 298 K and 1 atm into HgO(s). During the reaction, temperature increases from 298.0 K to 312.8 K. If heat...
3. A solution is prepared by mixing 0.01 mol each of H2CO3, NaHCO3, Na2CO3, and NaOH in 100 mL of water. pH of the resulting solution is [Given: pk, and pKa2 of H2CO3 are 6.37 and 10.32,...
6. Consider the following reaction. LOH red phosphorous Br2 R (major product) Br On estimation of bromine in 1.00 g of R using Carius method, the amount of AgBr formed (in g) is [Given: Atomic mass...
What is a contra account? LO1.
Consider the reaction of acetic acid in water CH 3 CO 2 H(aq) + H 2 O(l) CH3CO 22 (aq) + H 3 O + (aq) where Ka 5 1.8 3 1025. a. Which two bases are competing for the proton? b. Which is the stronger...
Non-minimum phase transfer function is defined as the transfer function 1. which has zeros in the right-half of $s$ plane. 2. which has zeros only in the left-half of $s$ plane. 3. which has...
The Mobile Home Manufacturing Company is audited by the public accounting firm Rossi and Montgomery. Mobile Home has decided to issue stock to the public and wants Rossi and Montgomery to perform all...
Cheng,, a recently qualified PA, has been assigned by his firm, Liu & Liu LLP, to serve as the senior auditor in charge of the fieldwork on a new audit engagement. The client is a medium-sized credit...
As a professional in the practice of giving advice, Jim knew when he had to ask questions, too. He called a lawyer friend of the family who owned a cleaning business at the other end of the country...
Compute the value of ordinary bonds under the following circumstances assuming that the coupon rate is 0.06:(either the correct formula(s) or the correct key strokes must be shown here to receive...
A tax-exempt municipal bond has a yield to maturity of 3.92%. An investor, who has a marginal tax rate of 40.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to...
Please note, kindly no handwriting. Q. Suppose a 3 year bond with a 6% coupon rate that was purchased for $760 and had a promised yield of 8%. Suppose that interest rates increased and the price of...

Distinguish among the following types of operational audits: functional, organizational, and special assignment. State an example of

Question:

Step by Step Answer:

The following are the distinctions between the three kinds of operational audits and an examp...View the full answer

Auditing and Assurance services an integrated approach

Students also viewed these Auditing questions