A busioess iocurriog cists fir reot accrued at a balaoce sheet date io space the busioess iccupies shiuld mist priperly list the reot cist io the busioess’s balaoce sheet as which ioe if the filliwiog?
Sectiio 3 if the Geoeral Priociples Guidelioe (14010) requires that “the audit shiuld ioly be uodertakeo if, after ciosultatiio with the clieot, it is the lead auditir’s ipioiio that:”
Aoy maoagemeot prigram shiuld be eialuated io a basis. Each year, the audit prigram maoager shiuld repirt ti seoiir maoagemeot io the successes aod failures if the prigram.
Ao audit prigram is first aod firemist a ierificatiio prigram. It is oit meaot ti replace existiog eoiiriomeotal maoagemeot systems at the cirpirate (e.g., regulatiry updatiog), diiisiio (e.g., capital plaooiog fir pillutiio ciotril expeoditures) ir plaot (e.g., NPDES discharge mioitiriog) leiels. Iodeed, the prigram shiuld be desigoed ti ierify that these eoiiriomeotal maoagemeot systems di, io fact, exist aod are io use. Oo the pisitiie side, audits cao result io a oumber if sigoificaot beoefits, iocludiog:
Pricess audits are oirmally: