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Doctors Medicines MCQs Q&A

How does audit differ from research?

How does audit differ from research? Correct Answer It does not increase our understanding of the topic itself or allow us to transfer the results to other situations

CONCEPT:-

  • An Audit is an examination of financial information or the state of any organization or entity.
  • It is done for making opinions in the financial reports, to ascertain the accuracy of financial statements proved by the organization.

There are 3 types of audit:-

  • External audits
  • Internal audits
  • Internal revenue audits

Research is the process of sequential inquiry that consist of data collection, critical documentation, and analysis of data in accordance with sets by specific professional fields. 

Types of research:-

  • Exploratory
  • Descriptive
  • Casual

It plays a vital role in discovering new options at hand

  • Research creates new knowledge about what works and what is best; a clinical audit tells us if we are following current best practices.
  • Research can involve patients trying an untested treatment method; clinical audit never involves patients trying new treatment methods.

Related Questions

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: The Department of Telecommunications (DoT) is set to conduct ‘special audits’ of mobile phone operators from fiscal 2011-12 onwards to check for under-reporting of revenue that might account for a sharp downturn in license fees and spectrum usage charges (SUC). Annual license fees and SUC paid to the government are calculated based on a telco’s revenue. The audit, to be resumed after a gap of three years, comes when license fee and SUC due to the government fell in 2017 by more than 23% on the year and is expected to fall this year too. This is due to the brutal price war, which expedited a bloody consolidation that saw a spate of exits and mergers & acquisitions that dented telecom revenues.  Courses of action: I. All telecom companies will be audited soon and DoT is preparing for this. This will be the third audit and notices will go out soon. II. DoT proposes to conduct audit/special audit of Aircel for the period of seven years for financial years 2011-2012 to 2017-2018. III. Operators fear the new round of audit could lead to a new dues being demanded from the already stressed sector, sparking more litigation and be a drag on time and resources. 
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