Escolar Documentos
Profissional Documentos
Cultura Documentos
Types of audits
Cpas perform three primary types of audits, as illustrated with examplesin table 1-2 (p.33) :
1. operational audit
2. compliance audit
operational audit
an operational audit evaluated the efficiency anf effectiveness of any part of an organizations
operating procedures and methods. For example, auditors might evaluate the efficiency and
accuracy of processing payroll transactions in a newly computer system
in operational auditing, tehe reviews are not limited to accounting. They can include the
evaluation of organizational structure, compuer eperations, production methods, marketing, and
any other area in which the auditor is qualified. Because of the many different areas in which
operational effectiveness can be evaluated, it is impossible to characterize the conduct of a
typical operational audit. In one organization, the auditor might evaluate the relevancy and
sufficiency of the information used by management in making decisions to acquirenew fixed
assets.
compliance audit
Determine whether accounting personnel are following the procedures prescribed by the
company controller.
Examine contractual agreement with bankers and other lenders to be sure the company is
complying with legal requirements
Result of compliance audit are typically reported to management, rather than outside users,
because management is the primary group concerned with the extent of compliance with
prescribed procedures and regulation.
a financial statement audit is conducted to determine whether the financial statement ( the
information being verified) are stated in accordance with specified criteria.