Difference between Financial Audit and Cost Audit
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…
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State the Necessary of Cost Audit
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…
Why Partial Audit is not done by a Limited Company?
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…
What is the Commencement of Cost Audit?
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…
What are the legal provisions for appointment of a company Auditor?
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,…
‘An auditor is not bound to be a detective’ Explain
In re London and General Bank, Justice Lopes added: “An auditor is not bound to be a detective or approach his work with suspicion or…
Criticisms of Cost Audit
Criticisms of Cost Audit The terms ‘cost Audit’ management audit and efficiency audit have been used synonymously by many auditors. It is performed by an…
Cost Audit
The terms ‘cost Audit’ management audit and efficiency audit have been used synonymously by many auditors. It is performed by an independent, professionally qualified Cost…
Different types of Audit Report
Auditing is a systematic process of objectively obtaining and evaluating evidence assertions about economic actions and events to ascertain of correspondence between those assertions and…
Condition of issuing a Qualified Report
The condition of issuing a Qualified Report An auditor’s report provides an opinion on the validity and reliability of a company’s financial statements. It an…
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