--%>

Explain Audit Controls

Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however alike concepts too exist in the project management, water management, quality management, and energy conservation.

This simple perception is that controls can be stated in terms of three main categories.

Protective or Preventative - these controls serve to proactively define and probably enforce the adequate behaviors.

Detective - Detective controls are frequently thought of as "Audit Controls" although we do not require restricting them. Any control which performs a monitoring activity can possibly be stated as a Detective Control.

Reactive - Reactive or corrective controls usually work in response to the detective control, responding in such a manner as to alert or else accurate an unacceptable situation.

   Related Questions in Auditing

  • Q : Importance of Internal Audit Write down

    Write down the importance of Internal Audit?

  • Q : What are Internal Controls Internal

    Internal Controls: Internal control includes the plan of organization and all of the coordinate techniques adopted within a business to defend its assets, ensure the accuracy and consistency of its accounting data, encourage operational efficiency, an

  • Q : What are Financial Audits Financial

    Financial Audits: It is a financial audit and is the critical analysis of the business's financial records and documentations. This can be completed at any level, from local to governmental. The financial profile or financial audit of the company will

  • Q : Explain Marketing Audit Marketing Audit

    Marketing Audit: One of the most fundamental parts of marketing planning process is marketing audit. It is conducted both at the beginning of the process and also in between the series of points during the implementation of plan. Both internal and ext

  • Q : In audit how to involve people In audit

    In audit how to involve people?

  • Q : What is Audit Management Audit

    Audit Management: It is a systematic assessment of processes and policies of an organization's management in the administration and the utilization of resources, tactical & strategic planning, and employee and organizational enhancement.

  • Q : Whats come after audit What to do after

    What to do after the audit?

  • Q : Auditing i juz need answer of question

    i juz need answer of question 13 14 15 16... m uploading assignment having 16 questions i have done until 12... m gona upload solution as well

  • Q : Define Revenue Define Revenue in terms

    Define Revenue in terms of Accountancy in brief?

  • Q : Marketing audit for goods and service

    Marketing audit for goods and service industry: This basic concept of marketing audit applies to both material goods and service industry. The marketing audit is a powerful tool with banking industry throughout world. Banking world to