Audit

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…

Audit procedure: Specific acts performed as the auditor gathers evidence to determine if specific assertions are beignet. They are used by auditors to determine the…

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

Ethical dilemma: An ethical dilemma is a situation a person faces in which a derision must be made about the appropriate behavior. It is a…

Categories of Management’s Financial Statement Assertions Financial statement assertions are management’s clarification about the appreciation, measurement, presentation, and confession of information in the financial statements.…

Ethics and Ethical Principles Ethics: Ethics can be defined broadly as a set of moral principles or values. Each of us has such a set…