. Any corporate entity is required to maintain control of all its properties for its owners....

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. Any corporate entity is required to maintain control of allits properties for its owners. The governing board and members ofmanagement are individually and collectively responsible for theprudent protection of assets. Asset protection is every associate’sresponsibility, and specific protection functions are assigned tovarious units. Assets are further protected by a combination of aninternal audit function and a hired external auditor.Describe the auditing process in HCOs.

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The auditing process in HCO Considered Health care organisations to the best of my knowledge Majorly two Audits are followed in the organisations Internal audit For the vigilence and prevention of any risks within the oragnisation External audit For the checking of true and fair view of the Financial statements and compliances Steps for audit are First the risk assessment of the organisation is done Which includes the assessment of the controls of the organisation in place See Answer

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