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Audit Quotes

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"When we lose sight of the fundamental role of audit, we're at real risk of undoing what needs to happen to make sure the market is safe and secure."
"Pfizer was notified of problems at Ventavia with the vaccine trial and that an audit took place."
"The left is freaking out by the very idea of the audit because they know if it shows substantial fraud, it will vindicate what Republicans have been saying."
"It's stunning they have no ability to audit meaningfully." - Lou Dobbs
"Not only has the board agreed to turn over all the relevant information we sought in our subpoena so that we perform an audit, but they also acknowledge that the legislature is a sovereign power of the state."
"These audits are mostly good news, developing good and helpful information to figure out what really happened."
"Nobody knows what's going on, we have to audit the Federal Reserve."
"Sometimes the glitch was caught beforehand, but that software is used in 47 counties. So how many other glitches were there? That's another area that will need to be audited."
"The argument will be that there is no smoke without fire, and we would not have needed to audit a bombproof system."
"We don't often audit ourselves in our government. EPA is hearts in the right place, yeah, but like what is it really doing? Yeah, and is it worth the money?"
"Each audit was always done in a small office that could barely fit a desk and a few chairs in."
"We just need to do a bit of an audit... make improvements... make sure everything's as stable and great as it can be."
"Mirror-like infrastructures: reproducibility, audit-friendly."
"...roughly 1.9 people out of a thousand are getting audited."
"We passed the audit with a hundred percent because little pig pieces clearly stated the name of the product such that anyone can identify it."
"Discussing findings is essential, you must always have a pre-audit meeting before you get into the meat of the audit."
"It's crazy bro, it's like getting audited right now."
"Just do a random audit on certain things and question, just to keep everyone in line."
"I still hear from a lot of investors where their CPA or their tax person tells them not to take the home office because it will be audited."
"...Burp can do a full audit of that every time it appears, but it's generally not very efficient to do that."
"Rocket X has been properly audited and they've been audited by two agencies that I really like, especially Zoko who I've worked with in the past as well."
"Folks, I know there's a lot to take in there, but it really is straightforward. Keep your receipts nice and organized and keep a log of everything so that you can find the receipts that you need if you get audited."
"HR 40 is important... but more importantly, may there be a racial justice audit of any new legislation that has economic implications."
"Making sure that everything is auditable so making sure there are events that everything that happened and you can figure out what has happened."
"It will be published, the audit will be published, and you'll find out an audit on what the building. Why would you audit our building? Who are you?"
"The audit activity determines whether the information security management system meets the requirements of the standard itself."
"The design of the audit program itself may support and indeed change over time to reflect the changing objectives of the organization and the ISMS."
"You can then also perform a security configuration assessment. This is very interesting or very useful because it allows you to scan your assets as part of a configuration assessment audit."
"Even without the Baseline report which Second Sight should have produced, it seems to us generally accepted that there are no systemic weaknesses in the Horizon system."
"The audit engagement is designed specifically to allow you to do selective testing of the controls that are monitored from a compliance standpoint."
"An audit is an engagement, essentially they are synonymous, and the reason why is because it's almost like a little project, right? So you're engaging in certain tasks and certain folks within this engagement or audit."
"Audit findings will often be ultimately reported to stakeholders. Before that occurs, they need to have appropriate buy-in from the auditees. This is the only way to have a successful audit process and add value to the organization."
"You might be the most excellent information system auditor on the planet, and you might conduct a perfect audit from a technical point of view. But if you have poor communication skills that alienate the audit staff, you will decrease the efficacy of your audit."
"Communication skills determine the effectiveness of the audit reporting process."
"Before you communicate any results of an audit to senior management, it's a good idea to discuss the findings with lower-level management staff and perhaps even the IT staff of the audited entity."
"An argument ensuing during the final findings report presentation can quickly dilute the audit process and its value."
"Get audit ready in weeks, not months."
"Audit reporting needs to be timely, clear, and complete."
"During an audit, auditors must not only collect evidence of non-conformity."
"Make sure you know where you're going to conduct the audit. It's very hard to just rip somebody out of a lab and say, 'Hey, we need you on the audit team.'"
"I do appreciate the help of those you that help support the channel. But private in Texas paid for the audit of Open VPN and I thought that was really cool."
"Communication audit measures the effectiveness of organizational communications."
"That is how you perform a proper SEO audit step by step and the goal of this process is to find every possible SEO opportunity that exists."
"I talk about the audit in general."
"For $2 million, I can guarantee in 36 months, that budget would be auditable."
"Sufficient refers to the quantity of information; appropriateness refers to the quality of the evidence."
"The attack surface is really low, anytime you can have less code there's just easier to audit."
"Making sure that our liabilities are appropriately classified, recorded at the correct value is critical for the audit."
"The purpose of internal audit is to show you an objective picture of how really compliant you are with the standards and with the documentation."
"Control risk is the chance that the company's internal controls do not detect a misstatement."
"Audit tests are designed to assess whether the information in the financial statements is presented properly and of assistance to the users."
"The audit's approach for this type of entity should include careful planning."
"An effective internal audit program is based on a risk-based process, focusing on areas with the greatest environmental impact."
"I passed the last audit with flying colors."
"The behavioral risk audit is designed to encourage deliberative thinking."
"I went into internal audit and I fell in love with it."
"You're basically ready for acquisition; it would pass an audit."
"The reputation of an audit firm is one of its biggest assets, so protecting that reputation by doing audits correctly is really important."
"Sometimes during the audit, you don't realize how brave you are."
"Segregation of duties is a very important concept of audit."
"All the correct checks and balances were in place, both in terms of internal and external audit and legal advice."
"Welcome to AmandaLove's Audit. My name is Amanda, I do love audit."
"For private companies, if your revenue or assets exceed a certain threshold, then you will also need to get an external audit done."
"For any assurance engagement, you need to get sufficient appropriate evidence."
"We audit the Pentagon every year, and they fail the dadgum thing every year."
"One of the most stressful things that can happen to any business is for it to be compliance checked under an HMRC audit."
"It's a huge uplift to your ego when you know you're doing something well enough that it gets through an audit."
"A good first impression will go a long way to making the audit go smoothly."
"The better organized you are, the easier the audit will be for both of you."
"Any audit is valuable to a company for several reasons."
"A blockchain creates an audit trail for any data that you add."
"The best example of an assurance service is an audit, which is a high level of assurance service."
"An audit is a high-risk activity."
"Risk management process is working through our internal audit system and by monitoring performance through our management review."
"We can take this information and use it to audit an area, find our location, or use a whole bunch of other things."
"Key audit matters... explain the areas which have given the most concern, maybe taken most time, maybe taken most judgment."
"Your audit trail within your access control system is going to be as critical with more people than ever."
"We've had an audit of all of our components, made sure they're keyboard accessible."
"The most important thing of the audit process is the purpose, the objective, and the assertion you are going to test."
"Internal audit is such a vital part of maintaining a functional and effective quality management system."
"You must keep records of your audit process."
"You're the only person I know who bakes chocolate chip cookies for an audit by the United States government."
"It provides audit support and leverages existing investments in EDS."
"We had a forensic audit from an outside firm come in and provided information."
"From an audit standpoint, there are a few key critical items that you need to get comfortable with when auditing this account balance."
"The third thing you need to get comfortable with is you need to test the collectibility of the AR your client is representing."
"Management's refusal to provide a representation letter is default pervasive in the exam and is equal to a disclaimer of opinion."
"If the revenue recognition is a risky area and the revenue is rightly recognized, then it will be included in the key audit matters."
"Any new standard introduced for the first time is also a key audit matter."