--%>
Assignment Help - homework help

Explain Audit Controls

Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however alike concepts too exist in the project management, water management, quality management, and energy conservation.

This simple perception is that controls can be stated in terms of three main categories.

Protective or Preventative - these controls serve to proactively define and probably enforce the adequate behaviors.

Detective - Detective controls are frequently thought of as "Audit Controls" although we do not require restricting them. Any control which performs a monitoring activity can possibly be stated as a Detective Control.

Reactive - Reactive or corrective controls usually work in response to the detective control, responding in such a manner as to alert or else accurate an unacceptable situation.

   Related Questions in Auditing

  • Q : Auditing around the computer Audit

      Audit procedures that ignore the actual computer processing part of business activities. A sample of input is tested and verified through standard audit technique, and the output is checked. Auditing around the computer assumes that if the output rights, then the processing is righ

    		•
  • Q : Auditing how long will it take and how

    how long will it take and how much will u charge

    		•
  • Q : Explain Audit Controls Audit Controls :

    Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however a

    		•
  • Q : What are Operational Audits Operational

    Operational Audits: It is a review of how an organization's management and its operating events are functioning with respect to their efficacy and efficiency in meeting stated objectives. For illustration, a business might execute an operational audit

    		•
  • Q : Principles of an internal audit control

    Write down the essential principles of an internal audit control system?

    		•
  • Q : Objectives of Internal Audit Write down

    Write down the main Objectives of Internal Audit?

    		•
  • Q : Audit A term usually referring to a

      A term usually referring to a financial audit is a set of procedures performed by accountants from a certified public accountant (CPA) firm. The procedures are designed to investigate and verify the accounting information that manage- ment puts in financial report. When the audit i

    		•
  • Q : What is Audit Management Audit

    Audit Management: It is a systematic assessment of processes and policies of an organization's management in the administration and the utilization of resources, tactical & strategic planning, and employee and organizational enhancement.

  • Q : Audit report A signed letter from the

      A signed letter from the auditor of a company, included in the annual report, that state whether or not the finan- cial statements fairly present the results of operations and the financial position of the company. An annual audit is required by the Exchange and Securities Commissi

    		•
  • Q : Operating versus Non-Operating Revenue

    Distinguish between Operating versus Non-Operating Revenue?

    		•