Auditing Procedure

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Auditing Procedure

Any tactic used by an auditor to identify inefficiencies, reduce costs, and otherwise achieve organizational objectives. Examples of auditing procedures include reviewing documents, interviewing officials and checking irregularities. See also: Auditing process, Audit, Attest function.
References in periodicals archive ?
Under certain circumstances, plan management is allowed to instruct the auditor to limit the scope of auditing procedures on investment information that has been certified by qualified institutions as complete and accurate.
Because the subcommittee noted that USAID's and NASA's performance and accountability report (PAR) reporting on improper payments and recovery auditing was minimal, GAO was asked to review both agencies' IPIA risk assessment methodologies, recovery auditing procedures, and actions under way to improve their IPIA and recovery audit reporting.
The Interpretations clarify that in circumstances in which the auditor determines that the nature and extent of auditing procedures should include testing the measurement of investments in securities (or interests in a trust that holds investments in securities), simply receiving a confirmation from a third party (including a trustee) does not in and of itself constitute adequate audit evidence with respect to the valuation assertion.
That one or more auditing procedures that were considered necessary at the time the audit was conducted were omitted, but there is no indication that the financial statements are not fairly stated.
Compliance-related issues are fueling demand for individuals with expertise in internal auditing procedures and corporate governance regulations," said Max Messmer, chairman and CEO of RHI.
The Federal Deposit Insurance Corporation (FDIC) has announced its auditing procedures for ensuring that banks and other financial institutions are in compliance with security measures established under the U.
Ironically, this case will surely lead to even more paperwork for researchers as NCI starts to require clinical investigators to comply with tougher auditing procedures.
Auditors also found that Williams often cited the work of prior-year auditors as justification for not performing certain required auditing procedures.
Certain auditing procedures, such as mailing (instead of emailing or faxing) letters to the Company's certain international customers to verify certain business transactions, and waiting for their responses, are examples of factors contributed to the delay.
Any additional auditing procedures performed in accordance with paragraph 7 relating to the investigation of fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by a significant amount and the results of such additional procedures
326), provides additional guidance regarding the auditor's documentation of the results of auditing procedures directed at the tax accounts and related disclosures.
Suggested Auditing Procedures for Accomplishing Compliance Audits of California Redevelopment Agencies (June 1999)