Showing papers on "Audit plan published in 1976"

Auditing: An Integrated Approach

Abstract: The auditing profession: the auditing profession audit report professional ethics legal liability. The auditing process: audit responsibilities and objectives audit evidence audit planning and documentation materiality and risk the study of internal control and assessment of control risk overall audit plan and audit program audit of the sales and collection cycle audit sampling for tests of transactions completing the tests in the sales and collection cycle - accounts receivable audit sampling for tests of details of balances the effect of complex EDP systems on auditing. Application of the auditing process to other cycles: audit of the payroll and personal cycle audit of the acquisition and payment cycle: tests of controls substantive tests of transactions and accounts payable completing the tests in the acquisitions and payments cycle: verification of selected accounts audit of the inventory and warehousing cycle audit of the capital acquisition and repayment cycle audit of cash balances. Completing the audit and offering other services: completing the audit other audit attestation services and compilation engagements internal and governmental financial auditing and operational auditing.

Medical audit, continuing medical education and quality assurance.

Abstract: Medical audit and continuing medical education (CME) are now the mainstays of quality assurance in hospitals. Audits should address problems that have serious consequences for patients if proper treatment is not given. The single most important step is the selection of essential or scientific criteria that relate process to outcomes. CME does less than commonly believed to improve care. Today, quality assurance increasingly means a near-guarantee to every patient of appropriate treatment and fewest possible complications. Maintenance of the public trust rests on a firm commitment of the medical staff and board to this principle, implemented through an organized program of quality assurance. Under these conditions, medical audit and CME can effectively improve care by improving physician performance.

Director Liability Committee and the Audit

Abstract: To reduce their growing exposure to liability suits, many directors are attempting to take a more active role in the evaluation of their firms and to simultaneously have formally recorded the performance of their responsibility. To meet both of these objectives, directors must have access to complete and reliable corporate information and be able to conduct independent inquiry into the quality of information they receive. The board of directors9 audit committee has the potential to fulfill these needs. The researchers queried CEOs and outside directors of nearly two hundred forms and applied these data to evaluation of the audit committee concept, analysis of the perceived and actual role of audit committees, and identification of actions that can improve audit committee performance and thus reduce the directors9 potential liability exposure.

Are Corporate Audit Committees Meeting Their Objectives

Abstract: 4 The primary responsibility of a corporation's audit committee is to review external and internal audit activities. It meets with the independent auditors before the audit to discuss the scope of the auditor's engagement and after the audit to review earnings releases before publication, discuss the impact of regulatory bodies' pronouncements on the company's financial statement, review the auditor's management letter and discuss staffing of the corporation's internal accounting and financial departments. In addition, the committee meets with the corporation's financial officers to review alternative accounting policies, discuss the simplification of auditor's recommendations, discuss internal controls and nominate an independent auditor. Although this heavy emphasis on audit activities argues for the presence of accountants on audit committees, the authors' survey reveals that in practice men with accounting backgrounds are rarely included. Are audit committees, as currently constituted, any more competent to discharge their responsibilities than a random selection of outside members of the board of directors? >