Tuesday June 29, 2010
Audits are not just about financial results. Managerial accounting and internal audit are all about benchmarking best practices. Here is an example from a report by City of Austin Internal Auditors.
The City outsourced cemetery maintenance to a third party. But a City Council member wanted a report on the poor look of the cemeteries. Auditing is about best practices, whether financial or non financial.
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