Explore BrainMass

Explore BrainMass


    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain the characteristics of a compliance audit.

    Response must be sustantive.

    © BrainMass Inc. brainmass.com June 4, 2020, 1:41 am ad1c9bdddf

    Solution Preview

    A compliance audit is an engagement that studies whether the activities and policies of the organization are in alignment or adhere to the regulations that apply to the activities and organization.

    The procedures to find out whether the organization is in compliance with whatever rules apply to them include conducting interviews of management and workers, reviewing the responses of questionnaires, observing the process and activities, studying paperwork records of inspections and events, and testing systems and ...

    Solution Summary

    Your tutorial is 268 words plus two references and gives an example of a compliance audit as well as drawing a parallel between financial statement audits and a compliance audit.