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: 50% (10 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?
-
What is the Phillips curve? Draw a graph of a short-run Phillips curve.
-
What are the types of internal recruiting?
-
Prepare a tax return for Charlie and Cindy Clergy. Charlie Clergy (age 44, DOB: 5/2/76, SSN: 453-00-9863), whose Form W-2s and 1099s follow, is an ordained minister in the Episcopal Church. His wife,...
-
W Nov. 8 8 11 11 13 14 16 Natalie cashes her U.S. Savings Bonds and receives $630, which she deposits in her personal bank account. She opens a bank account under the name "Cookie Creations" and...
-
Jenny Atkinson is reviewing employment offers. The employment offer from ILU, Inc. includes private health insurance that ILU, Inc. will purchase on her behalf. ILU Inc. will have to pay a $1,840...
-
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?
-
What are the two components of CDHPs, and how do they work together?
-
Chandra was the sole shareholder of Pet Emporium, which was originally formed as an S corporation. When Pet Emporium terminated its S election on August 31, 2018, Chandra had a stock basis and an...
-
Cathy, Heathcliff, and Isabelle are equal shareholders in Wuthering Heights (WH), an S corporation. Heathcliff has decided he would like to terminate the S election. In the following alternative...
-
Carmen SanDiego, a U.S. citizen, is employed by General Motors Corporation, a U.S. corporation. On April 1, 2019, GM relocated Carmen to its Brazilian operations for the remainder of 2019. Carmen was...
-
Jane has been operating Mansfield Park as a C corporation and decides she would like to make an S election. What is the earliest the election will become effective under each of these alternative...
-
Janna has a tax basis of $15,000 in her Mimikaki stock (Mimikaki has been an S corporation since inception). In 2019, Janna was allocated $20,000 of ordinary income from Mimikaki. What is the amount...
-
Which of the following are true about the KaplanMeier method? Answer true or false. a. It estimates the probability of survival to a particular time. b. It can be used to calculate the probability...
-
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...
-
Linux - choose how you will manage your software install packages? Analyse some advantages of using a package manager to manage software?
-
A firm produces output according to the production function Q = K1/2 1/2. The demand schedule for the output is P= 20 - Q. If K is fixed at 4 units, what is this firm's short-run demand curve for...
-
Write about the Biden administration's State of the Union address by taking one side and examining how it affects you as an individual. Discuss the policy, economic accomplishments, what he has done...
Study smarter with the SolutionInn App