Computer Science 1032A/B Chapter 5: Lecture 5-Audits and Fraud Examination

• School: Western University
• Department: Computer Science
• Course: Computer Science 1032A/B
• Professor: Diane Goldstein

Document Summary

Lecture 5: audits and fraud examination (page 156-184) Audit: another way of saying a person checked to make sure something is right. Tax: canada revenue agency will audit your tax return to see if you followed the rules (either you made a mistake or you cheated) Operational: to see if the business is running the way its supposed to. Management decides how the business is supposed to, and then audito(cid:396)s (cid:272)he(cid:272)k to see if (cid:455)ou"(cid:396)e doi(cid:374)g (cid:455)ou(cid:396) jo(cid:271) p(cid:396)ope(cid:396)l(cid:455) (cid:894)so(cid:373)eti(cid:373)es sit during work and check) Compliance: che(cid:272)k to see if (cid:455)ou"(cid:396)e follo(cid:449)i(cid:374)g the (cid:396)ules (cid:894)(cid:272)o(cid:373)pl(cid:455)i(cid:374)g to the (cid:396)ules(cid:895) Ex: you must attach receipts to expense report, someone will do an audit to check if that rule is being followed. Audit statements to see if the first set of accountants are doing it right, did they follow the rules of gaap (ifrs)