Auditing
What is an audit? | auditors

Procedures - Auditing - Overview

An audit is;

an examination performed for the purposes of evaluating
* Reliability of information
* efficiency & effectiveness of the system
* internal controls
* financial accounts (show a 'true and fair' view of the organisation's affairs)

An audit is NOT :

primarily punitive (retributive / designed to punish)
intended to intimidate employees
intended to detect fraud (although of course this does happen)

[Database cartoon]

Auditors

Internal Auditors

Perform management's in-house review functions. Internal audits are primarily concerned with employee adherence to company policies and procedures.

External Auditors

Professionals that provide an independent view. External audits give an opinion as to whether the financial statements are fairly presented and comply with accounting 'regulations'.

Electronic Data Processing (EDP) Auditors

Specialise in computer based information systems

[Rev: 1/10/98] 5/9/97 © 1997-98 V/2-Com (Verhaart), P O Box 8415, Havelock North, New Zealand.