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 ?
the audit will be performed in accordance with the international standards on auditing as promulgated by the international federation of accountants and will include such tests and auditing procedures as the auditor considers necessary under the circumstances.
Jiao presents students, academics, and general interest readers with the second edition of his comprehensive examination of the theory and practice of internal and external police auditing procedures. The author has organized the main body of his text in nine chapters devoted to police auditing in general, the theoretical model of police auditing, practical standards, practical procedures, the variety of police audits, the role and responsibilities of independent police auditors, and a wide variety of other related subjects.
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.
"The government is resolved to enforce tougher internal auditing procedures to avert any waste of public money," they said.
Categories: Government Operations, Accountability, Audit oversight, Auditing procedures, Financial analysis, International cooperation, International relations, Mission essential operations, Performance measures, Quality assurance, Quality improvement, Requirements definition, Standards, Strategic planning
The auditor must apply professional judgment in the selection and application of auditing procedures. Professional judgment requires the application of the auditor's training, knowledge, and experience, in tandem with professional literature and the facts, circumstances, and economic conditions surrounding the audited enterprise.
Updated with conforming changes as of May 1, 2007, including the new Risk Assessment Standards, this guide concentrates on accounting standards and auditing procedures important to depository and lending institutions, including:
With data auditing procedures in place, there is a record of what happened--what data was accessed, when it was changed and how it changed--long before financial reports are issued.
* 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.
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.S.
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.
However, the auditor is to provide an "in-relation-to" report on the supporting schedules based on the auditing procedures applied during the audit of the basic financial statements.