What does auditing mean in Scientology?

According to the Church of Scientology, “one formal definition of auditing is the action of asking a person a question (which he can understand and answer), getting an answer to that question and acknowledging him or her for that answer.”

How much do Scientology auditors make?

The average Scientology Auditor in the US makes $32,177. The average bonus for a Scientology Auditor is $328 which represents 1\% of their salary, with 100\% of people reporting that they receive a bonus each year.

How much does it cost to join the Church of Scientology?

As members get higher in the Scientology church, they are expected to consistently take courses, which cost from $650 (for a beginner class) and quickly escalate into thousands per course. The “audits” cost about $800 per hour.

Where does Scientology get all its money?

$500 million — Scientology’s estimated annual revenue from its many corporations, private donations, and real estate holdings all over the world.

What is financial auditing process?

To enhance the degree of confidence in the financial statements, a qualified external party (an auditor) is engaged to examine the financial statements, including related disclosures produced by management, to give their professional opinion on whether they fairly reflect, in all material respects, the company’s …

What is first step of financial audit?

The financial audit process involves having auditors evaluate the financial transactions and statements of your business. A typical business financial audit has four main phases: planning, setting internal controls, testing, and reporting.

What is the difference between perpetual and periodic inventory audit?

These audits include regular physical inventory counts on a scheduled and periodic basis. The major difference between perpetual and periodic inventory systems is that the former has a system that updates inventory information in real-time while the latter uses a more manual process.

What are the inventory audit procedures that auditors follow?

Here are some of the inventory audit procedures that they may follow: Cutoff analysis. The auditors will examine your procedures for halting any further receiving into the warehouse or shipments from it at the time of the physical inventory count, so that extraneous inventory items are excluded. They typically test the last few receiving

Why do auditors spend so much time counting inventory?

If there are items in the inventory that are of unusually high value, the auditors will likely spend extra time counting them in inventory, ensuring that they are valued correctly, and tracing them into the valuation report that carries forward into the inventory balance in the general ledger.

What is bottom-up audit evidence?

Bottom-up audit evidence focuses on directly testing transactions, account balances, and the systems that record the transactions and resulting account balances. In the end, the auditor develops an audit strategy that blends a combination of top-down and bottom-up evidence. Important Decisions About Audit Evidence