what are the six transaction related audit objectives?
482833
['Occurrence.', 'Completeness.', 'Accuracy.', 'Classification.', 'Cutoff.', 'Occurrence.', 'Completeness.', 'Accuracy.']
1285937
['The following is a list of 10 commonly performed quality audit types:', 'Internal Quality System Audit. This type of audit is an examination of the tool used to measure quality itself. ... ', 'Supplier Audit. ... ', 'Production Team Audit. ... ', 'Safety Audit. ... ', 'Facilities Audit. ... ', 'Environmental Audit. ... ', 'Risk Assessment Audit.']
850926
["Provides Objective Insight. You can't audit your own work without having a definite conflict of interest. ... ", 'Improves Efficiency of Operations. ... ', 'Evaluates Risks and Protects Assets. ... ', 'Assesses Controls. ... ', 'Internal Audits Ensure Compliance with Laws and Regulations.']
1362364
The main objectives of accounting are maintaining a complete and systematic record of all transactions and analyzing the financial position of a business. Every individual or a business concern is interested to know the results of financial transactions and their results are ascertained through the accounting process.
709304
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations.
969196
['Cost audit provides reliable cost data for managerial decisions.', 'Cost audit helps management to regulate production.', 'Cost audit acts as an effective managerial tool for the detection of errors, frauds and irregularities so that reliable and smooth functioning of the system is continued.']
826469
The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions.
950016
['Implementing written policies, procedures, and standards of conduct.', 'Designating a compliance officer and compliance committee.', 'Conducting effective training and education.', 'Developing effective lines of communication.', 'Conducting internal monitoring and auditing.']
726110
['Ensure Buy-in From Key Stakeholders of the Business. ... ', 'Develop Clear Security Policies. ... ', 'Establish a Monitoring and Enforcement Team.']
773153
To a publicly traded company, the financial statement audit offers credibility. ... The fundamental purpose of the audit is to provide independent assurance that management has, in its financial statements, presented a “true and fair” view of a company's financial performance and position.
1349168
['It helps the auditor obtain sufficient appropriate evidence for the circumstances.', 'It helps to keep audit costs at a reasonable level.', 'It helps to avoid misunderstandings with the client.', 'It helps to ensure that potential problems are promptly identified.']
955191
Objectives of accounting in any business are; systematically record transactions, sort and analyzing them, prepare financial statements, assessing the financial position, and aid in decision making with financial data and information about the business.
349089
['the objective of general purpose financial reporting.', 'qualitative characteristics of useful financial information.', 'financial statements and the reporting entity.', 'the elements of financial statements.', 'recognition and derecognition.', 'measurement.', 'presentation and disclosure.']
996098
['Economic Objectives: Essentially a business is an economic activity. ... ', 'Human Objectives: Human objectives are connected with employees and customers. ... ', 'Organic Objectives: ... ', 'Social Objectives:']
260284
['Programmatic transaction management: This means that you have to manage the transaction with the help of programming. ... ', 'Declarative transaction management: This means you separate transaction management from the business code.']
1023812
['Vendor, Customer and Employee Onboarding. ... ', 'Vendor, Customer and Employee Maintenance. ... ', 'Report aggregation. ... ', 'Payroll processing. ... ', 'Customer Due Diligence. ... ', 'Competitive Pricing and Monitoring. ... ', 'CRM Updates. ... ', 'Order Processing.']
1335351
The SEC rules on audit independence are often organized into five key areas: (A) Prohibited Non-Audit Services; (B) Audit Committee Pre-Approval of Services; (C) Partner Rotation; (D) Conflict of Interest; and (E) Increased Communication and Disclosure.