I would like to explanation my techniques about the Performance audit and financial audit activities prior to discuss the "WAHID techniques" I have tried to make clear main parts of Performance audit in advance of the" WAHID techniques" because I believe that the people who are related with accounts, finance, auditing and also the business owners will recognize generally about the Performance audit by investigative,
What is performance auditing
Performance audit and financial audit have much ...› Continue reading
Audit Commission issued 24 of 103 counties in rural drinking water safety audit of the survey, some have been built in rural drinking water safety Project There is no local matching funds in place, water quality compliance, the owner is not clear and other issues affecting the effectiveness of rural drinking water safety. 2009, the Audit Commission audit investigations in Hebei, Shanxi, Liaoning and other 19 provinces (autonomous regions and municipalities, hereinafter referred to as 19 ...› Continue reading
Compliance is an issue for the internal auditor and during the audit an assessment will be made of the extent to which the business is adhering to laws, regulations and control standards.
The internal auditor should consider the probability of significant errors, irregularities, non-compliance, and other exposures when developing the engagement objectives'. Regulation requires the licensee's internal auditor to perform observations, document examinations and inquiries of employees to ...› Continue reading
The administrative office, city and county Finance Bureau, Business Bureau, the Provincial Land Reclamation Bureau, the Provincial Forestry Office: Simplified Bringing home appliances Cash subsidy program is to accelerate review Home Appliances Countryside of the important initiatives. 11 ministries and commissions in accordance with the Ministry of Finance "on the issuance of Notice" (Finance Building  No. 155, which was forwarded to) the requirements of the provincial economy, the ...› Continue reading
Meaning the RMM
Auditors must consider audit risk and must determine a materiality level for the financial statements taken as a whole." Auditors also "must obtain a sufficient understanding of the entity and its environment, including its internal control, to assess the risk of material misstatement the risk of material misstatement has been assessed for major accounts, transaction streams and disclosures, the auditor must develop an audit plan in which he or she documents the audit ...› Continue reading
What is Value for Money
Put simply, value for money (VfM) is about obtaining the maximum benefit with the resources available. Decisions about VfM are a daily reality in all our lives. We are constantly choosing which items or services to buy, and judging the right balance for us between quality and cost. Public services are no different. VfM is about achieving the right local balance between economy, efficiency and effectiveness, spending less, spending well and spending wisely.
This ...› Continue reading
A job self audit report is that report that is drawn up by the employees themselves, regarding their own personal performances. At the end of each year the boss has a easy reference to the impression the employees have of themselves, the way they evaluate their performances, opportunities and skill development. Writing a job self audit report can also prove to be helpful for looking for new jobs or switching jobs. It can then be included in the resume.One needs to know how to write a self-audit ...› Continue reading
Confronted with difficult dynamics of economic environment, businesses put an increasing emphasis on finance, management. Accounting and audit becomes more important and relevant to our daily life- as a bridge. Audit, financial, & business related education / literacy is not the only permeate in people's life but also control vital business arteries and eventually; the entire economic systems which exposed to such a business world.
I feel strongly that it is necessary to prepare everyone ...› Continue reading
09. Role of auditors
The auditor's opinion on the truth, fairness, accuracy etc. of the financial statement imposes a larger responsibility on the auditor, which transcends the relationship with the client. The external auditor has to maintain total independence from the client. The auditor is supposed to be a watchdog. Government, creditors, investors and the business and financial community rely on the independence, objectivity and integrity of the auditors for maintaining confidence in ...› Continue reading
An effective audit process will mean that audit teams will be taking a systematic approach to gathering and interpreting data and information. In order to maximise the value of the outcomes of the audits the management should: Accept that the audit activity needs appropriate resourcing, including training of auditors, education of operational and management staff, and physical and financial funding. If any of these are inadequate, then the quality of outcomes will suffer. Accept that there will ...› Continue reading