Advantages Of Auditing Consultancy
Introduction ď‚— Auditing is a systematic examination of the books and
records of the business or other origination in order to verify and to report upon the facts regarding the financial operations and the result thereof.
Types Of Audit
There are various types of audit such as: Compliance Audits Financial Audits Operational Audit Construction Audit Information Technology Audit Investigation Advisory and Consulting Engagement
Compliance Audits ď‚— The compliance audit function focuses on compliance
risks and the related mitigation plans. The function stays abreast, and promotes awareness, of current and emerging laws and regulations impacting higher education.
Financial Audits ď‚— The financial audit function develops audit programs to
assess, evaluate, and make recommendations to management regarding accounting and financial reporting of transactions and activities.
Operational Audit ď‚— The operational audit function assesses risks and
evaluates internal controls for operations of departments, units, and areas. The main objective is include determining whether operations are functioning efficiently, effectively, in alignment with the University mission, and in accordance with management's intent.
Construction Audit ď‚— Construction
auditing blends critical financial, operational and compliance approaches to develop audit programs that assess, evaluate and make recommendations to those managing Brown's construction projects.
Information Technology Audit ď‚— The information technology audit function develops
audit programs to assess, evaluate, and make recommendations to management regarding the adequacy of internal controls and security inherent in the University's information systems, and the effectiveness of the associated risk management.
Advisory and Consulting Engagement ď‚— Advisory and consulting engagements include review of
existing business processes and strategies, as well as implementations. It also includes evaluation and advice on policies, procedures, process enhancements, and any management requests for reviews of areas considered mutually critical.
Advantages Of Audit Consultancy
Sample can be collected quickly and easily Maximized the profit and productivity Risk management Detection of errors and frauds Better reputation Protect interest Protect security
Who I Am.. ď‚— Christophe Mirgaux is
a founder of LEXCEL Consulting who will provide the help in auditing and online legal services, currently who lives in Belgium.