Audit

From Free net encyclopedia

An audit is an evaluation of an organization, system, process, or product. It is performed by a competent, objective, and unbiased person or persons, known as auditors. The purpose is to verify that the subject of the audit was completed or operates according to approved and accepted standards, statutes, regulations, or practices. It also evaluates controls to determine if conformance will continue. Auditing is a part of some quality control certifications such as ISO 9000.

Audits evaluate conformance now and into the future. An inspection evaluates conformance in the past. Both are important parts of management.

Financial Audit

An important type of audit is the financial audit. It is designed to determine whether financial statements are fairly presented in accordance with Generally Accepted Accounting Principles (GAAP). Financial audits are carried out for companies, registered charities and some government/public bodies.

Government financial reports are not always audited by outside auditors. Some governments have elected or appointed auditors.

See also

Some examples are:

• Academics audit
• Clinical audit
• Computer security audit
• Configuration audit (as part of configuration management)
• Conformity assessment audit (ISO, HACCP, JCAHCO)
• Environmental audit
• Financial audit (the oldest)
• Information technology audit
• Internal audit
• Management system audit (quality audit, safety audit, environmental audit)
• Performance audit
• Scientology counselling. See Auditing (Scientology).
• Security Audit (not computer-related)
• Software audit
• Telecommunication auditbe:Аўдыт

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