Business

Important methods of obtaining Audit Evidence Audit evidence which is cumulative in nature includes audit evidence obtained from audit procedures performed during the count of…

The Six Steps followed in Planning the Audit Consider the first standard of field work (adequate planning and proper supervision). The amount of audit planning…

Working Paper Working papers are those papers which contain essential facts about accounts so that the auditor may not have again to go over the…

Ownership and Custody of Working Papers Working papers are those papers that contain essential facts about accounts so that the auditor may not have again…

Essential Requirements of good Working Paper Working papers are those papers which contain essential facts about accounts so that the auditor may not have again…

True and Fair View in Auditing True and fair view in auditing means that the financial statements are free from material misstatements and faithfully represent…

Audit Evidence is persuasive rather than Conclusive Audit evidence is evidence obtained during a financial audit and recorded in the audit working papers. In the…

Types of Audit Evidence Audit evidence which is cumulative in nature includes audit evidence obtained from audit procedures performed during the course of the audit…

Audit Objectives The audit objective forms the basis of the audit. They are associated with the audit of financial statements. The objective states the subject…

Audit Procedure for obtaining Audit Evidence Audit Procedures are specific acts performed as the auditor gathers evidence to determine if specific assertions are beignet. They…