detailed audit

Detailed Audit

The process of reviewing activities to identify inefficiencies, to reduce costs, and otherwise to achieve organizational objectives in a more complete way than other audits. Detailed audits may investigate potential theft or fraud and ensure compliance with applicable regulations and policies. They also help ensure the accuracy and legality of reports, as well as whether they conform to the Generally Accepted Accounting Principles .

detailed audit

A thorough and complete examination of all or a selected portion of an organization's books. In a detailed audit, as opposed to a normal audit, systems of internal control, the details of all the transactions, books of account, subsidiary records, and supporting documentation may be examined for accuracy, use of generally accepted accounting principles, total accountability, and legality.
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Detailed audit logs giving management and compliance officers the peace of mind that all activity is well documented.
It is stated that the Simple Fund 360 audit module will take in audit documents like an engagement letter, representation letter, detailed audit working papers and comprehensive audit checklists.
The National Audit Office, the highest auditing body in China, has ordered a detailed audit of government debt across the country.
The solution reportedly uses statistical methods to produce a random sample of medical records; provides scoring of coders to track accuracy and improve efficiency; saves parameters in a template for future audits; provides access to data across multiple sites; as well as creates detailed Audit Reports based on Coder, Site, CPT code, ICD-9, Code Pair, Modality, Referring Physician, Payer Code, and Payer Class.
The Audit Manager toolkit provides a detailed audit trail of claims and overall performance of individual agents that managers can use to track development and claims histories.
POMS maintains a detailed audit trail of who has had access to each order.
Implications for financial roll-ups and Sarbanes-Oxley compliance include automated, detailed audit trails for spreadsheets and other personal productivity tools.
As suppliers of flexo inks to Dunapack, Sun Chemical Hartmann was next in line for a detailed audit.
Unlike the TCMP which was a very intrusive and detailed audit that required taxpayers to substantiate every single item on a return, the NRP will select on a national basis, a statistically valid sample of approximately 50,0011 returns at various levels.
Twenty general audit programs addressing audit procedures for all key financial statement items, including a detailed audit planning program.
The initiative involves offering city health practices incentive payments to undertake a detailed audit of the care they provide to diabetic patients.
Maintain a detailed audit trail--including start, stop, and intermediate times, user logs, exceptions, and all data used during the process execution.