... Hall Business Publishing, Auditing 12/e, Arens/Beasley/Elder 26 - 20
Differences Between Operational
and Financial Auditing
Distribution of the reports
Inclusion of nonfinancial areas
Purpose ... Auditing 12/e, Arens/Beasley/Elder 26 - 11
Governmental Financial
Auditing
The Yellow Book standards are often called
generally accepted government auditing
standards (G...
...
invoice
4. Any goods returned to supplier are
marked as return, to ensure GDN not
prepared
Financial Systems and Auditing
Test of Control
Purchase Cycle
...
placed
3. Written, sequenced purchase
order
4. All outstanding order are kept
on the file for chasing
May miss out on bulk
discounts
Best price and quality
not obtained
1. Separate ordering department, ... ensure compl...
... able to evaluate and test internal controls, audit and assess complex
IT environments, and address both enterprise-wide risk and governance issues will
be essential. Finally, internal audit will ... globalization
1
as a significant and growing trend impacting
internal audit today and in the future. As organizations expand to take advantage
of global markets and supply c...