Audit Cycle


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Audit Cycle

The period of time during which an audit is conducted. An audit cycle varies depending on the type of audit being made. For example, the audit cycle for a tax audit by its nature begins after tax returns are filed (or are supposed to have been filed).
References in periodicals archive ?
They will also create an audit cycle of maternal and neonatal deaths.
The solution can help streamline each audit cycle by eliminating certain audit preparation activities, which can provide the auditors with visibility into the EBAS-D source system, and can remove the need to develop manually intensive audit reports that demonstrate compliance.
To strengthen IOSA, the global standard for measuring operational safety, IATA is transitioning this year to "Enhanced IOSA", which introduces continuous monitoring across the two-year audit cycle.
The CAQ, which is affiliated with the AICPA, issued an audit risk alert for the 2014 audit cycle that included these and other areas that can be challenging for auditors.
Designed to assess operational safety, the intensive five-day audit is the sixth one successfully completed by Gulf Air since 2005, in line with IATA's two-year audit cycle.
Designed to assess operational safety, the intensive five day audit is the sixth one successfully completed by Gulf Air since 2005, in-line with IATA's two-year audit cycle.
He led each audit cycle from soup to nuts; initiating the audit, analyzing the data, and negotiating the settlements.
In addition to an article from the US Coast Guard about increased asset visibility and articles from the Departments of the Army and Navy regarding audit readiness, the US Army Corps of Engineers (USACE) provided an article with information concerning key USACE activities associated with their overall annual audit cycle.
Verifiers Ernst & Young awarded the certification after a series of evaluations that were part of a three-year audit cycle that covered the fulfilment of prerequisites, a pre-audit assessment and an onsite audit.
The shorter audit cycle that comes with a lower risk score may also help to cut your tax costs.
Each audit cycle was preceded by a 1-day training workshop based on a field manual and detailing the rationale and methods.
If the jurisdiction previously audited the taxpayer, the jurisdiction will most likely raise the same issues from the prior audit in the new audit cycle.
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