operational auditing
1operational auditing — 1. The auditing of an organization’s operational and *managerial activities, as opposed to its accounting transactions. The first use of the term is widely attributed to Frederic E. Mints in 1954 (Flesher, 1991, 5) prior to which the term… …
2Operational Auditing — Aufgabengebiet der ⇡ internen Revision, auf den organisatorischen Bereich (Aufbau und Ablauforganisation) bezogen …
3auditing guidelines — Documents originally issued by the former Auditing Practices Committee (APC). APC guidelines have been adopted by the Auditing Practices Board (APB), which now has the responsibility for issuing all auditing pronouncements. Guidelines are not… …
4Operational risk management — See also: Risk management The term Operational Risk Management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or… …
5Auditing Practices Committee — APC A committee of the Consultative Committee of Accountancy Bodies set up in 1976 and replaced by the Auditing Practices Board in 1991. During the period 1980 to 1991 it was responsible for issuing two auditing standards, The Auditor s… …
6managerial auditing — 1. An alternative term for Operational auditing. 2. An alternative name for *internal auditing …
7value-for-money auditing — VFM An alternative term for Operational auditing. The term is frequently used in the United Kingdom and countries with a history of British influence, in the context of *public sector auditing, for audits that assess the Three E’s of the *economy …
8Continuous auditing — is the independent application of automated tools to provide assurance on financial, compliance, strategic and operational data within a company. Continuous auditing uses a set of tools to assure the internal control system is functioning to… …
9Managerial Auditing Journal — A British scholarly auditing journal. Established in 1986, and edited from 1988 by *Gerald Vinten, the journal is published in nine issues a year by MCB University Press in Bradford, England. It is available in print and online formats. The… …
10continuous auditing — continuous audit UK US noun [C or U] ► ACCOUNTING an examination of a company s accounts which is made regularly through the year rather than just at the end of the year: »A continuous audit can identify suspicious transactions when they occur… …
