Examples of Quality Audit in the following topics:
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- Companies ensure the quality of products and services by adhering to ISO standards and performing quality audits to ensure compliance.
- Quality audits and adherence to ISO standards are not just for private corporations; the US Food and Drug Administration requires that medical devices undergo quality auditing, and several countries require quality audits of their educational systems.
- A quality audit is the process of systematic examination of a quality system carried out by an internal or external quality auditor or audit team.
- Quality audits can be an integral part of compliance or regulatory requirements.
- In analyzing quality costs, a cost of quality audit can be applied across any organization rather than just to conventional production or assembly processes.
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- Project management audits are used to determine and control the quality, completion, and timing of a project.
- This usually refers to audits in accounting, but similar concepts also exist in project management and quality management, as the auditing of steps and processes in a project systematically or randomly to insure that the project is meeting estimated completion and quality standards.
- Like a project management audit, a quality audit is an external verification that a project is compliant with regulations and standard.
- A system of quality audits verifies the effectiveness of a quality management system.
- To benefit the organization, quality auditing should highlight areas of good practice and provide evidence of conformance (positive feedback) as well as report non-conformance and corrective actions (negative feedback).
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- Total Quality Management (TQM) is the organization-wide management of quality that includes facilities, equipment, labor, suppliers, customers, policies, and procedures.
- TQM promotes the view that quality improvement never ends, quality provides a strategic advantage to the organization, and zero defects is the quality goal that will minimize total quality costs.
- In addition, quality audits, sampling, and statistical process control also fall under the umbrella of appraisal costs.
- Quality audits and sampling are also important appraisal costs.
- Quality audits are checks of quality procedures to ensure that employees and suppliers are following proper quality practices.
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- The Government Accountability Office (GAO) is the audit, evaluation, and investigative arm of the United States Congress.
- The GAO's auditors conduct not only financial audits, but also engage in a wide assortment of performance audits.
- These standards, often referred to as Generally Accepted Government Auditing Standards (GAGAS), must be followed by auditors and audit organizations when required by law, regulation, agreement, contract, or policy.
- These standards pertain to auditors' professional qualifications, the quality of audit effort, and the characteristics of professional and meaningful audit reports.
- The GAO is the audit, evaluation, and investigative arm of the United States Congress.
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- Social responsibility audits are a process of evaluating a corporation's social responsibility performance.
- Areas of business that are commonly audited include financial performance, internal controls, quality management, project management, water management, and energy conservation.
- As with financial audits, social responsibility audits involve accounting processes.
- The lack of clearly defined standards makes social audits different from financial audits, for which there are generally accepted standards.
- Apply the general concept of auditing to the larger framework of social responsibility within organizations
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- Total quality management (TQM) is the continuous management of quality in all aspects of an organization.
- Quality management is the study of improving the quality of a company's products and services.
- Total quality management (TQM) promotes the importance of improving quality on a continuous basis.
- Appraisal costs include costs associated with conducting quality audits and the inspection and testing of raw materials, work-in-process, and finished goods.
- Employ the total quality management (TQM) perspective to identify how to improve quality and efficiency on a continuous basis
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- The act is also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing Accountability and Responsibility Act" (in the House).
- It also creates a central oversight board tasked with registering auditors, defining the specific processes for compliance audits, inspecting conduct and quality control, and enforcing compliance.
- It also addresses new auditor approval requirements, audit partner rotation and auditor reporting requirements.
- It restricts auditing companies from providing non-audit services (e.g., consulting) for the same clients.
- It requires internal controls for assuring the accuracy of financial reports and disclosures, and mandates both audits and reports on those controls.
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- Title I provides independent oversight of public accounting firms providing audit services (auditors).
- It also creates a central oversight board tasked with registering auditors, defining the specific processes and procedures for compliance audits, inspecting and policing conduct and quality control, and enforcing compliance with the specific mandates of SOX.
- It also addresses new auditor approval requirements, audit partner rotation, and auditor reporting requirements.
- It restricts auditing companies from providing non-audit services (e.g., consulting) for the same clients.
- It requires internal controls for assuring the accuracy of financial reports and disclosures, and mandates both audits and reports on those controls.
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- Acquisition audit.
- Compliance audit.
- Due diligence audit.
- Waste audit.
- Water audit.
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- Communicate the goals of the audit to everyone beforehand.
- Identify the parameters of the audit.
- How will the audit's findings be recorded?
- Determine these issues before an audit begins.
- Audits should be conducted on a regular basis.