Audit

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.…

An Auditor is a person or a firm appointed by a company to execute an audit. The auditor’s job is to write a report at…

Factors should be considered for designing Test of Control Test of controls are auditing procedure performed to determine the effectiveness of the design and the…

Developing Audit Programming for Substantive Test Substantive procedure detects a material misstatement in a transaction account balance and discloser component of the financial statement. It…

Substantive test: Substantive procedure detects a material misstatement in a transaction account balance and discloser component of the financial statement. It is an audit process…

Tests of Details for income Statement Accounts: When the audit evidence obtained from analytical procedures and from tests of details of related balance sheet accounts do not…