Explain the major types of audit plans, Financial Management

Explain the major types of audit plans

Three major types of audit plans

Strategic -this the long term forward looking audit, it continually gets updated and identifies areas of audit importance.

Tactical - this  looks  at  plans  for  the  coming  year,  timetabling  resource  allocating  and identifying main audit objectives taken from the strategic plan.

Operational -detailed audit programme for every specific audit.

 

Posted Date: 9/3/2013 2:56:52 AM | Location : United States







Related Discussions:- Explain the major types of audit plans, Assignment Help, Ask Question on Explain the major types of audit plans, Get Answer, Expert's Help, Explain the major types of audit plans Discussions

Write discussion on Explain the major types of audit plans
Your posts are moderated
Related Questions
What kinds of U.S. companies would benefit most from a stronger dollar in the foreign exchange market?  Explain. U.S. companies that import merchandise from other countries wou

Q. What do you mean by Public deposits? Public deposits are the fixed deposited by the business enterprises directly from the company. This source of the raising the short term

Q. What is Qualities of Pay Back Method? Qualities of Pay Back Method:- (i) Simple: - The most important merit of this method is that it is simple to understand and easy to

Explain how a firm determines the optimal level of current assets. The best possible level of working capital is determined by finding the amount that balances the need for liq

DISCOUNTING TECHNIQUE is also called present value technique. It is the process of calculating the present value of cash flows.  Discounting is determining the present value of a

The Oasis Report Amidst all these problems, the Ministry of Social Justice and Empowerment constituted a committee with a view to improve old-age social security in the country

Why do most international bonds have high Moody’s or Standard & Poor’s credit ratings? Answer:  Moody’s Investors Service and Standard & Poor’s offer credit ratings on several

Insurance companies The primary purpose of insurance companies is to protect individuals and firms known as policy-holders from adverse events. Insurance companies receive prem

On the basis of transferability, debentures can be classified as registered and unregistered debentures. Unregistered debentures (or bearer debentures) are freely

Does high operating leverage always mean high business risk?  Explain. High operating leverage doesn't always mean high business risk.  If the company's sales are quite steady