Auditable unitSubjects, units or systems that are capable of being defined and evaluated.
Scope Notes: Auditable units may include:Policies, procedures and practicesCost centers, profit centers and investment centersGeneral ledger account balancesInformation systems (manual and computerized)Major contracts and programs Organizational units, such as product or service lines Functions, such as information technology (IT), purchasing, marketing, production, finance, accounting and human resources (HR)Transaction systems for activities, such as sales, collection, purchasing, disbursement, inventory and cost accounting, production, treasury, payroll, and capital assetsFinancial statementsLaws and regulations |