tailieunhanh - DEFINITION of TRANSNATIONAL AUDIT

The strategic communications audit should result in more than just an identification of areas or practices that need to be improved. To maximize the chances that audit findings will be used and actual practice improved as a result, the audit should: Demonstrate through data how communications problems are causing problems in the present (as opposed to speculating about their future impact). At the same time, the audit should reinforce practices that are current organizational strengths. Generate specific recommendations for how actual communication practice can be enhanced. Data need to be. | B Forum of Firms TAC Guidance Statement 1 Revised June 2010 DEFINITION of TRANSNATIONAL AUDIT This guidance statement issued by the Transnational Auditors Committee TAC is designed to provide guidance to assist members of the Forum of Firms FoF in meeting their membership obligations. Per the Transnational audit means an audit of financial statements which are or Constitution may be relied upon outside the audited entity s home jurisdiction for purposes of significant lending investment or regulatory decisions this will include audits of all financial statements of companies with listed equity or debt and other public interest entities which attract particular public attention because of their size products or services provided. TAC Guidance Audits of entities with listed equity or debt are always transnational audits as their financial statements are or may be relied upon outside their home jurisdiction. Even where an entity currently has no foreign shareholders there is a possibility that the financial statements may be relied on by a foreign investor or creditor at some future date in an actual or potential investment or lending decision and it is therefore appropriate to consider the audit as a transnational audit. Other audits that are transnational audits shall include audits of those entities in either the public or the private sectors where there is a reasonable expectation that the financial statements of the entity may be relied upon by a user outside the entity s home jurisdiction for purposes of significant lending investment or regulatory decisions whether or not the entity has listed equity or debt or where entities attract particular attention because of their size products or services provided. Significant in this context does not include the use of financial statements to establish normal trade terms with vendors or to open accounts with financial institutions . accounts for purposes of collecting customer receipts or making vendor payments . .