List four examples of specific operational audits that could be conducted by an internal audit in a
Question:
List four examples of specific operational audits that could be conducted by an internal audit in a manufacturing company. Describe how you would conduct each.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Four specific operation audits that could be conducted by a...View the full answer
Answered By
Sufiyan Ahmed Tariq
I am a Chartered Accountant and an Associate Public & Finance Accountant. I also hold a bachelors of Commerce degree. I have over 8 years of experience in accounting, finance and auditing. Through out my career, I have worked with many leading multinational organisation.
I have helped a number of students in studies by teaching them key concepts of subjects like accounting, finance, corporate law and auditing. I help students understanding the complex situation by providing them daily life examples.
I can help you in the following subject / areas:
a) Accounting;
b) Finance;
c) Commerce;
d) Auditing; and
e) Corporate Law.
4.90+
7+ Reviews
17+ Question Solved
Related Book For
Principles of Auditing An Introduction to International Standards on Auditing
ISBN: 978-0273768173
3rd edition
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
Question Posted:
Students also viewed these Business questions
-
List five examples of specific operational audits that can be conducted by an internal auditor in a manufacturing company.
-
1. Describe at least four advantages of decentralization. Also describe at least two disadvantages to decentralization. 2. Compare and contrast a cost center, a revenue center, a profit center, and...
-
Define key performance indicator (KPI). What is the relationship between KPIs and a companys objectives? Select a company of any size with which you are familiar. List at least four examples of...
-
Pacific Company sells electronic test equipment that it acquires from a foreign source. During the year 2014, the inventory records reflected the following: Inventory is valued at cost using the LIFO...
-
Ballymaloe Country Relish is an Irish delicacy, sold in find food stores throughout Ireland. For consumers outside Ireland, it also lists various sellers in different countries. Visit ballymaloe...
-
Table 1.11 shows the CPI with the index set equal to 100 in 2008. Suppose that we redo the CPI so that the index equals 100 in 1985; if so, what is the value of the CPI in 2008? What is the...
-
The data in the table were obtained by members of departments at Harvard Medical School, Massachusetts General Hospital, Dartmouth College, Dartmouth Medical School, and the University of California...
-
Ms. Keri Lee, an expert in retrofitting buildings to meet seismic safety standards, has just received a $200,000 after-tax bonus for the successful completion of a project on time and under budget....
-
Over-the-Counter (OTC) Medication Homework Assignment Think Critically (1 pt each) 1. In a chain store or mass merchandiser outlet, where is the pharmacy located? Why? 2. The FDA recently allowed...
-
Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to...
-
Based on ISA 200, what are the general principles governing an audit of financial statements. Discuss ethics and professional scepticism.
-
Each of the following represents tasks that auditors frequently perform: 1. Compilation of quarterly financial statements for a small business that does not have any accounting personnel capable of...
-
A customer service representative may teach the proper use of the product as well as help in the maintenance of the item. True/False
-
2. FORMULATE THE IS & LM FUNCTIONS WITH PROPER STEP-BY-STEP SOLUTIONS. NO PROPER SOLUTIONS, NO MERIT. THERE IS ONLY ONE ANSWER BECAUSE THE GIVEN IS BASED ON YOUR SURNAME: Given: Ca = 645; mps = 0.3;...
-
Mary is considering an investment under which she would receive $50,000 in cash at the end of each Year from Year I I through Year V (total of $250,000.00) and a further $50,000 at the end of Year...
-
From the attached data, how is it calculating (formula) Stockholders equity, total equity, and equity? ASSETS CURRENT ASSETS Cash and cash equivalents 13,700 Short-term investments 1,534 Receivables,...
-
Implement the Course class. Add two private instance variables of type String to store the course code and course title of a particular course. Add a private instance variable of type double to store...
-
Use the population data shown in the table below that represents the prod sold in a small shop to answer the next seven questions (a - g). Products Sold Selling Price # Units Sold (x) (f) Product A $...
-
A triple-slit experiment consists of three narrow slits, equally spaced by distance d and illuminated by light of wavelength l. Each slit alone produces intensity I 1 on the viewing screen at...
-
Let (x) = x 2 - 9, g(x) = 2x, and h(x) = x - 3. Find each of the following. (((--) 2
-
Avery Island Dairy is a boutique cheese maker based on Avery Island, Louisiana. Over the years, the business has grown by supplying local retailers and through exports. In addition, there is a...
-
Consider this statement, Auditors should only use professional skepticism when considering fraud risk. Do you agree or disagree with this statement? Support your position.
-
Explain the relationship between planning materiality and performance materiality.
-
CITC Bhd. is evaluating two independent projects: Project X and Y. The required rate of return for the two projects is 13%. The cash flows and Net Present Value (NPV) of each project is derived as...
-
Provide 3 variations of each of the 5 stock phrases (ie 15 new phrases in total) that you could potentially use 1. You are 2. It sounds like 3. It seems like 4. What I am hearing is 5. You seem to be...
-
How do you ensure data integrity and reliability in a multi-master replication setup within a distributed database cluster?
Study smarter with the SolutionInn App