Audit

Corroborating Information Audit evidence is a fundamental concept in auditing. Audit evidence refers to evidential matters states that evidential matters consists of underlying accounting data…

Audit Risk Alert The AICPA General Accounting and Auditing Developments Audit Risk Alert contains a summary of all of the substantive and primarily clarifying changes…

Segregation of duties is the concept of having more than one person required to complete a task. In business, the separation by sharing of more…

Power and Duties of Financial Statement Auditors A financial statement audit is the examination of an entity’s financial statements and accompanying disclosures by an independent…

Qualification and Disqualification of Financial Statement Auditors A financial statement audit is the examination of an entity’s financial statements and accompanying disclosures by an independent…

Financial Audit is the examination of financial record and business accounts by an independent body which is conducted for compliance, taxation or for disclosure purposes…

Cost Audit is the verification of accounts and cost records and a careful compliance accounting process. It is performed by an independent, professionally qualified Cost…

In a partial audit, the work of the auditor as curtailed. The auditor is asked to check a few books, e.g. he may bask to…

Cost Audit is the verification of accounts and cost records and a careful compliance accounting process. It is performed by an independent, professionally qualified Cost…

Audit of a company is primarily a financial audit where the auditor is required to report to members in relation to the company’s financial report,…