Audit Department

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Audit Department

A department within a company responsible for conducting internal audits when deemed necessary. The audit department ensures accuracy of records and compliance with relevant regulation and company policies.
References in periodicals archive ?
He said , new jobs are being created, specially 700 vacant posts in accounts and audit departments will be filled on priority.
A PAC member Riaz Fatiyana came up with a novel suggestion for conducting audit of audit departments.
Besides, MPAs, Qurban Ali Khan, Mahmood Khan Betani, Arbab Wasim Hayat and Syed Mohammad Ali Shah Bacha, the Secretary Assembly, Nasrullah Khan Khattak, Additional Secretary, Amjad Ali, Secretaries Agriculture, Irrigation and authorities of the law, finance and audit departments attended the meeting.
"As the UAE economy grows from strength to strength, our leadership has been focussed on good governance practices, and establishing internal audit departments is among the major initiatives.
INTOSAI had launched the Development Initiative (IDI), according to which special programs were provided to supreme audit departments in several countries, with aim of backing up their inspection tasks.
El Ghawi brings with him 19 years of practice in external and internal audit departments at both private and public sectors.
16 July 2013 -- Minneapolis, USA-based Wolters Kluwer said that its Wolters Kluwer Audit, Risk & Compliance unit has introduced a new version of audit management software system TeamMate AM that is specifically geared for use by smaller audit departments called TeamMate Express.
The Accounts and Audit Allowance will be admissible @ 20 percent of the basic pay of the civil servants performing their duties in the accounts and audit departments with effect from 1 March 2013.
Al-Rabeeah spoke after meeting with the directors of the internal audit departments in the various health directorates to convey the ministry's support for their hard work and accomplishments.
The conference will discuss many issues related to the internal audit profession, including the successful strategies of applying corporate governance and transparency, in addition to activating the role of internal audit departments to improve the financial and administrative performance of institutions and companies.
The meeting discusses a number of items including the rights and privileges draft to exchange experts between the AGCC Audit and Accounting Institutions and recommendations of a workshop on the contact and communication strategy of audit departments with external parties among others.
While complying with Sarbanes-Oxley kept internal auditors busy earlier in this decade, internal audit departments are now reorienting themselves to a broader range of responsibilities.
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