Which of the following is not an example of a compliance audit?
◦ The accounting personnel at the Chinese subsidiary following the financial statement preparation procedures prescribed in writing by the corporate controller.
◦ Is the company paying the minimum wage rates required by state laws?
◦ Determine if a company is meeting the financial covenants of a loan agreement with its lenders.
◦ Is the computerized processing of payroll at the Indian subsidiary operating effectively and efficiently?
