Compliance auditing is one of the familiar concepts in the field of auditing. So what is compliance auditing? What are the subjects, objectives and principles of compliance auditing? Please refer to the related information in the following article of MISA MeInvoice .
Note: Before learning about compliance auditing, you can learn about what you need to know about auditing in the article below.
Compliance audit is an audit to assess and confirm compliance with laws, rules and regulations that the audited unit must implement. Compliance audit is performed by assessing compliance with activities, transactions and information,
in terms of material aspects according to the
regulations applicable to the audited unit.
Those regulations are identified as audit criteria. Such as laws legal guidance documents regulations. Statutes regimes and policies. That the audited unit must implement.
In cases where laws and. Regulations are inadequate or lack guidance. Compliance audits can examine compliance. With general principles of sound financial management. And the conduct of public officials and employees.
2. Subject of compliance audit
The subjects of compliance audit include the following two groups of subjects:
– State audit with subjects being state agencies, management organizations, and public assets.
– Independent audit of the remaining enterprises and organization
not related to public assets and public finance.
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3. Objectives of compliance audit
The objective of compliance auditing is that greece telegram data the state auditor will give an opinion on the correct implementation of laws, documents, regulations, regimes, rules, policies, etc. of the transactions,
activities and information of the audited unit in terms of materiality.
Compliance in public sector auditing is creating a media planmedia planning of an considered to be the focus of compliance auditing, where the objectives of the audit relate to sound financial management and the conduct of public officials, correctness is appropriate.
Adequate audit evidence of compliance with generally accepted canada data terms and conditions is obtained by the state auditor for the following purposes:
– Identify regulations that may cause errors or cases of non-compliance with the law in the audited entity’s reports.
– Recommend solutions to non-compliance with laws and issues discovered during the audit.
– Check and evaluate the level of compliance with laws and regulations on financial transactions, financial activities, and financial information in financial reports.