PPT-An Introduction to Compliance Auditing

Ram Mohan Johri Principal Accountant General Himachal Pradesh Definition Compliance audit deals with the degree to which the audited entity follows rules laws and regulations policies established codes or agreed upon terms and conditions. e to enable the auditor to express an opinion whether the financial statements are prepared in all material respects in accordance with an applicable financial reporting framework However the methods of applying audit procedures in gathering audit ev ISA 260 Paragraph Introduction Scope of this ISA ........................................................................................ 1The Role of Communication ................................ ISA 200 Paragraph Introduction Scope of this ISA ...................................................................................... 1An Audit of Financial Statements ........................... ISA 570 Paragraph Introduction Scope of this ISA ........................................................................................ 1 Going Concern Assumption ............................... ISA 320 Paragraph Introduction Scope of this ISA ........................................................................................ 1 Materiality in the Context of an Audit ................. ISA 260 Paragraph Introduction Scope of this ISA ........................................................................................ 1The Role of Communication ................................ Background, Process, and Tools for Success. presented by:. . . Ronald Taylor, Environmental Affairs Compliance Manager. . EPA states:. . … “it is USEPA policy to encourage the use of environmental auditing to help achieve and maintain compliance and identify / correct unregulated hazards”… . ISA- International Standards of Auditing. ISSAI - . International Standards of Supreme Audit Institutions.. UN audits and Standards . In our UN reports we mention that audit has been done in accordance with ISA . . Background, Process, and Tools for Success. presented by:. . . Ronald Taylor, Environmental Affairs Compliance Manager. . EPA states:. . … “it is USEPA policy to encourage the use of environmental auditing to help achieve and maintain compliance and identify / correct unregulated hazards”… . Management and the Board . Setting a Standard for. Quality. Internal Auditing. . Independent . Objective. Assurance and consulting activity. A. dds value . Improves operations. Helps accomplish objectives. August 26, 2016. New Delhi. NIRC OF ICAI. Presentation by:. Hitender Mehta. FCS, FCA, LL.B.. Partner, Vaish Associates Advocates. Statutory Audit & Compliances under the Companies Act, 2013. What are the roles and responsibilities of the Statutory Auditor with regard to the compliance of laws and regulations?. 1. Types of Audit. Financial Audit. Compliance Audit. Performance Audit. 2. Definition. Compliance audit deals with the degree to which the audited entity follows rules, laws and regulations, policies, established codes, or agreed upon terms and conditions, etc. . Involves routine formal communication to the Board and Management Monitoring Monitoring is an on- process usually directed by management to ensure processes are working as intended Monitoring is an This text offers a structured approach to principles of auditing using International Standards on Auditing as its basis. Written by a team of influential professional auditors with a wealth of teaching experience this book provides a real world perspective on current auditing practices with coverage of cutting edge developments and techniques.