Audit Test

Audit Test

In accounting, an experiment measuring a small sample of a larger population. The experimenter may extrapolate the results to apply them to a larger population. For example, if a company determines that it spent $5,000 to attract 500 customers, it may estimate that it spends an average of $100 to attract any one customer.
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UNDUE BENEFIT TO RELIANCE & ESSAR: The purchase of diesel by state- run oil companies from private refiners failed the audit test.
This increased attention to the disbursement process helped us pass the disbursements audit test in FY 1998 and we ma de an even better showing for FY 1999.
However, if a taxpayer fails an audit test, it must prove that the estimates made at the end of the year were reasonable, and the examining officer must consider such proof.
According to the CAG report, its audit test checked 20 capital works costing ` 160.
14 /PRNewswire/ -- Fluke Networks, the leader in network installation and analysis, today announced the availability of EtherScope Series II Network Assistant version 5 with Health Audit test to speed and simplify network testing.
Each document has all the data necessary to perform an analysis, prepare a report, conduct an audit test and/or send information to software that will use it for management reporting or any other business purpose.
That is, if the documentation for an audit test or procedure is not in the work papers, the presumption will be that the procedure or work was not done.
Tenders are invited for work of Conduct energy audit test of 460MW GNDTP units 1 to 4 (2 x 110MW + 2 x 120MW = 460MW),.
In the initial audit test cases performed by RAC in California, Florida and New York in 2006 and 2007, almost $11 billion in faulty billings were uncovered.
The following illustration maps the audit process from risk identification to audit test design.
56 responds to a recommendation by the Panel on Audit Effectiveness; it requires auditors to document certain aspects of substantive analytical procedures they perform as a principal audit test of a significant financial statement assertion.
SGS-Lakefield's results covered three samples representing different lithologies within the Canastra 1 kimberlite (MK, TKB1, and MKBS-A) which have been processed during the audit test stage.