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Maritime Audit, Jorge Romero 3-724-749 - Coggle Diagram
Maritime Audit
It means verifying that the financial, operational and administrative information you submit is reliable, truthful, and timely.
Information Management
The purpose of our information audits is to identify resources and information flows that occur and manage in organizations, including cost/benefit analysis.
Audit Reports
This report is considered a standard report because it consists of three paragraphs that contain standard phrases and terminologies with a specific meaning.
First paragraph
Identifies the financial statements that were audited and describes the management responsibility for the financial statements and the auditor's responsibility for expressing an opinion on the financial statements.
Second paragraph
Describes the key elements of an audit provide the basis for supporting opinion on financial statements.
Third paragraph
It is an explanatory paragraph describing the basis used to prepare the financial statements and stating that the regulatory body's rules differ from generally accepted accounting principles.
Audit Purposes
The purposes of auditing are the aspects under which its object is observed. We can write the following:
- Property status assessments and determinations
- Financial statements and determinations.
- Formations and determinations on the status of the institution.
- Discover errors and frauds.
- Preventing errors and fraud
- General studies on special cases, such as:
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Examination for the determination of bases of apportionment criteria, among others.
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Financial Audit.
Process Review
The execution of audit work in accordance with the guidelines should be appropriately organized and documented so that it can be delegated to team collaborators.
The need to plan, control, and document work is independent of customer size.
Work Papers
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Factors that affect the author's judgment regarding the amount, type and content of work papers for each audit include:
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The nature of the financial statements, cards or other information on which the auditor is taught.
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Work paper files
Permanent Archives
It is to have available the information that is needed continuously without having to reproduce this information every year.
Cirrirntes Archives
This file collects all work papers related to the period-specific Audit; It comprises two types of files:
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Process Definition
The fundamental and main objective of the financial audit is to assert (affirm) the reliability of the figures in order to give an opinion by the company's staff
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Operational Audit
Process Review
It must be organized and documented appropriately so that it can be delegated to team associates so that each team knows in detail what to do and to which final goal to target their effort.
Work Papers
They are the set of certificates and reliable documentation that contain the data and information obtained by the auditor in his examination
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Cedulas
Paper document that provides the work carried out by the auditor on an account, item, area or operation subject to his examination.
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Process Definition
The public accountant performing this type of activity is expected to make a series of objective observations and a complete analysis of specific operations, all related and focused on the increase in profits.
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Recommendation
The recommendation focuses on proposals by the operational auditor to correct or improve the results of the operation.
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Auditoría Administrativa
Process Review
They technically support direct observation verification, land information verification, and data analysis and confirmation, which are necessary and essential.
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Process Definition
It is defined as the review of the administration, both in its policies and procedures and in its preset goals and objectives
It consists of evaluating the foundation of administration (planning, organization, organization, and control) by localizing irregularities or anomalies.
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