audit procedure in a sentence

Examples

1. Ms . McAboy said the trading was caught by the company's internal security and audit procedures, which have since been strengthened.
2. When all the audit procedures that are considered necessary, either by circumstances, engagement, or client limitation, the audit is limited in scope.
3. It depends on the size of the organization, number of transactions, inherent risk in the audit work, and overall complexity of performing audit procedures.
4. The report also noted that the same findings were being noted year after year, and that the majority of deficiencies related to basic audit procedures.
5. Two different auditors auditing even the same entity might generate differing scopes of audit procedures, solely based on the " planning materiality " definition used.
6. The auditor uses assertions in assessing risks by considering potential misstatements that may occur, and thereby designing audit procedures that are responsive to the particular risks.
7. An external auditor may perform a full-scope financial statement audit, a balance-sheet-only audit, an attestation of internal controls over financial reporting, or other agreed-upon external audit procedures.
8. Sampling risk represents the possibility that an auditor's conclusion based on a sample is different from that reached if the entire population were subject to audit procedure.
9. Katz's committee recommended sweeping changes to the standard of care, audit procedures, and better enforcement of quality assurance practices by both nursing home facilities and oversight organizations.
10. He said that the airline was not following the audit procedure properly, but that federal inspectors did not know that until complaints were received from outside the agency.