Business

Cost audit is the Combination of two words cost and audit. The term ‘cost’ as an exchange price, a forgoing, a sacrifice made to secure…

Basic contents of the Standard Audit Reports The audit report is the auditor’s formal means of communicating to interested parties a conclusion about the audited…

Standards of Reporting Auditor’s report means the expression of auditor about the financial statement. The report of a certified auditor or auditors stating the accuracy…

Consideration of a Good Audit Report Auditing is a systematic process of objectively obtaining and evaluating evidence assertions about economic actions and events to ascertain…

The significance of Dating of Report The audit report is the auditor’s formal means of communicating to interested parties a conclusion about the audited financial…

The audit report is the auditor’s formal means of communicating to interested parties a conclusion about the audited financial statements. The main objective of an…

Responsibilities of the Auditor regarding the post balance sheet events and transactions An Auditor is a person or a firm appointed by a company to…

Completing the Audit In post balance sheet events considerations must be given in to completing the audit. The conclusion period of the audit is of…

Post Balance Sheet Events Events after the balance sheet date are those events, favorable and unfavorable, that occur between the balance sheet date and the…

Tests of Controls are audit procedures performed to test the operating effectiveness of controls in preventing or detecting material misstatements at the relevant assertion level.…