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Home > QFINANCE Dictionary > Definition of comprehensive auditing

Definition of

comprehensive auditing

Accounting

examination of firm's effectiveness in using resources an investigation into whether proper arrangements have been made for securing economy, efficiency, and effectiveness in the use of resources.

Related definitions of "comprehensive auditing"

comprehensive auditing - Related Articles
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    This checklist outlines a range of measures companies can take to help ensure that audit committees are performing their roles effectively.

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    The purpose of the statutory or financial statement audit is to enhance the degree of confidence of intended users of the financial statements as to whether the financial statements are prepared in accordance with an applicable financial reporting framework. The most widely accepted and adopted
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    concerns regarding questionable accounting or auditing matters. In short, PepsiCo’s audit committee charter is a comprehensive document that satisfies the key provisions of the Act.
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    efficiency, and effectiveness of the systems of internal control. These systems-based, operational-type audits are more comprehensive than the “old” substantive test audits. The approach is now standardized and makes audit planning easier, since “how to audit” is not a serious concern.
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Definitions of ’comprehensive auditing’ and meaning of ’comprehensive auditing’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’comprehensive auditing’ and other financial terms with our online QFINANCE Financial Dictionary.

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