[Answer] An evaluation of client _____ should take place when a significant event occurs or at/near the completion of the audit.

Answer: new existing
An evaluation of client _____ should take place when a significant event occurs or at/near the completion of the audit.
Evaluation is a systematic determination of a subject’s merit worth and significance using criteria governed by a set of standards.It can assist an organization program design project or any other intervention or initiative to assess any aim realisable concept/proposal or any alternative to help in decision-making; or to ascertain the degree of achievement or value in regard to the aim …
An information technology audit or information systems audit is an examination of the management controls within an Information technology (IT) infrastructure.The evaluation of obtained evidence determines if the information systems are safeguarding assets maintaining data integrity and operating effectively to achieve the organization’s goals or objectives.
Verification and validation – Wikipedia
Audit – Wikipedia
Audit – Wikipedia
Corrective and preventive action – Wikipedia
Corrective and preventive action (CAPA or simply corrective action) consists of improvements to an organization’s processes taken to eliminate causes of non-conformities or other undesirable situations. It is usually a set of actions that laws or regulations require an organization to take in manufacturing documentation procedures or systems to rectify and eliminate recurring non-conformance.
Risk management is the identification evaluation and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize monitor and control the probability or impact of unfortunate events or to maximize the realization of opportunities.. Risks can come from various sources including …
A credit risk is risk of default on a debt that may arise from a borrower failing to make required payments. In the first resort the risk is that of the lender and includes lost principal and interest disruption…

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