Alia Al-Nujaidi 200800084.

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Presentation transcript:

Alia Al-Nujaidi 200800084

Presentation Question for Chapter 1 Check point Question 1.15 What is Operational Auditing ?

Operational Auditing: The study of business operations for the purpose of making recommendations about: The effective and efficient use of resources Effective achievement of business objective Compliance with company policies

Goal of Operational auditing: To help managers discharge their management responsibilities and improve profitability.

Internal Auditing: An independent, objective assurance and consulting activity that adds value to and improves an organizations operations.

How Does Internal Auditing Help an organization Internal Auditing helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

What Does Internal Auditors Also Perform: Audits of financial reports for internal use or limited external distribution e.g. reports to regulatory agencies.

Services Provided by Internal Auditors: Reviews of internal control systems to ensure compliance with company policies, plans, and procedures. Compliance with laws and regulations Appraisals of the economy and efficiency of procedures Reviews of effectiveness in achieving program results in comparison to established objectives and goals.

External Auditing: Audit financial statements distributed to outside users.

Thank You For Listening 