Having a job with adequate internal controls, giving reasonable assurance of eliminating risks for security, order, and offers an environment for success. With too many internal controls, work can be hindered and without proper internal controls in place there can be a lack of order and the ability to accomplish the mission of the company.
We discover fraud in audit through effective planning. When planning for audit engagement auditor should consider possibility of fraud.
In an organisation, errors are about to happen intentionally or un intentionally. Intentional errors are frauds which is very tough to identify when people collude to make it very secretively since audit is persuasive and not conclusive.
The fact that you engage people on different levels and that you get to be position to help in ensuring that an organisation thrives.
Destructive testing includes methods where material is broken down to evaluate the mechanical properties, such as strength, toughness and hardness.
For example, finding the quality of a weld is good enough to withstand extreme pressure and also to verify the properties of a material.
This question reflects on the organization's ability to deal with product problems in a systematic way. Controlling nonconforming products is a basic discipline and one that smart auditors always probe. The answer to this question can be compared to the documented procedure and, more important, to the auditor's observations.
I believe that, if don, t have any control and you can you can use company res resources by your own purpose but as you are honest one and not doing such thing. This is honesty and best quality.
Yes. During special audit of an organization we have detected few frauds made by accounts manager and accounts assistance. One is taking same bill two times by giving photocopy of bill and another one is copy of signature of MD in cheque.
The testware is:
☛ The subset of software which helps in performing the testing of application.
☛ Testware are required to plan, design, and execute tests. It contains documents, scripts, inputs, expected results, set-up and additional software or utilities used in testing.
☛ Testware is term given to combination of all utilities and application software that required for testing a software package.
Testware is special because it has:
1. Different purpose
2. Different metrics for quality and
3. Different users
I would change the recommendations monitoring audit. I mean, we are thought that once the client have already accepted your recommendation, then they own the risks associated with that. As such, it would be better if instead of the auditor monitoring the implementation of the recommendations, it should be part of the client's performance assessment, accomplishments and scoreboard, the timely implementation of the recommendations.